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Part 1—Preliminary

Part 1 Preliminary

   

1   Short title

                   This Act is the Australian Business Growth Fund Act 2019 .

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

Provisions

Commencement

Date/Details

1.  The whole of this Act

The day after 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Note:          This table relates only to the provisions of this Act as originally enacted.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   Object of this Act

                   The object of this Act is to increase investment in small and medium Australian enterprises by the Commonwealth participating in, and investing in (together with other persons), the Australian Business Growth Fund in accordance with this Act.

4   Simplified outline of this Act

This Act authorises investment by the Commonwealth in the Australian Business Growth Fund.

5   Definitions

                   In this Act:

Australian Business Growth Fund or Fund : see subsection 10(4).

Commonwealth company has the same meaning as in the Public Governance, Performance and Accountability Act 2013 .

Corporations Act company means a body corporate that is incorporated, or taken to be incorporated, under the Corporations Act 2001 .

debenture has the same meaning as in the Corporations Act 2001 .

rules means rules made under section 22.

subsidiary has the same meaning as in the Corporations Act 2001 .

6   Crown to be bound

             (1)  This Act binds the Crown in each of its capacities.

             (2)  This Act does not make the Crown liable to be prosecuted for an offence.

7   Extension to external Territories

                   This Act extend s to every external Territory.

8   Extra-territorial application

                   This Act extends to acts, omissions, matters and things outside Australia.