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Asset Recycling Fund Bill 2014

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7487 revised



The Parliament of the

Commonwealth of Australia








Asset Recycling Fund Bill 2014


(1)     Title, page 1 (line 1), before “ establish the Asset Recycling Fund ”, insert “ encourage privatisation and ”.

[title of Bill]

(2)     Clause 1, page 1 (line 7), omit “ Asset Recycling Fund ”, substitute “ Encouraging Privatisation (Asset Recycling Fund) ”.

[title of Bill]

( 3 )     Page 23 (after line 10) , after Division 4 , insert:

Division 4A— State-owned essential services

29A  State-owned essential services

                   A grant or payment mentioned in this Part must not relate to a transaction that relates to the sale of State-owned assets that provide essential services.

[essential services]

( 4 )     Page 24 (after line 12) , at the end of Part 2 , add:

Division 6—Toll roads

30A  Toll roads

                   Financial assistance granted as mentioned in this Part must not be expended on toll roads.

[toll roads]