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Financial Framework Legislation Amendment Bill (No. 1) 2012

2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Financial Framework Legislation Amendment Bill (No. 1) 2012

 

No.      , 2012

 

 

 

 

 

A Bill for an Act to amend the law relating to the Commonwealth’s financial framework and governance arrangements, and for other purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 3

Schedule 1—Auditor-General Act 1997                                                                    4

Schedule 2—Commonwealth Authorities and Companies Act 1997      5

Part 1—Estimates                                                                                                             5

Part 2—Requirement to notify of significant events                                     6

Schedule 3—Financial Framework Legislation Amendment Act 2010 9

Schedule 4—Financial Management and Accountability Act 1997       10

Schedule 5—Repeal of Acts                                                                                            14

Appropriation (Development Bank) Act 1975                                                      14

Car Dealership Financing Guarantee Appropriation Act 2009                       14



A Bill for an Act to amend the law relating to the Commonwealth’s financial framework and governance arrangements, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Financial Framework Legislation Amendment Act (No. 1) 2012 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

A single day to be fixed by Proclamation.

However, if the provision(s) do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

 

3.  Schedule 2, Part 1

The day after this Act receives the Royal Assent.

 

4.  Schedule 2, Part 2

A single day to be fixed by Proclamation.

However, if the provision(s) do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

 

5.  Schedule 3, item 1

Immediately after the time specified in the Financial Framework Legislation Amendment Act 2010 for the commencement of item 7 of Schedule 5 to that Act.

1 March 2011

6.  Schedule 3, item 2

Immediately after the time specified in the Financial Framework Legislation Amendment Act 2010 for the commencement of item 8 of Schedule 5 to that Act.

1 March 2011

7.  Schedule 4

The day after this Act receives the Royal Assent.

 

8.  Schedule 5

The day this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.