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Australian Business Growth Fund Bill 2019

2019

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Australian Business Growth Fund Bill 2019

 

No.      , 2019

 

(Treasury)

 

 

 

A Bill for an Act about Commonwealth investment in the Australian Business Growth Fund, and for related purposes

   

   

   



Contents

Part 1—Preliminary                                                                                                              1

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

2............ Commencement................................................................................... 2

3............ Object of this Act................................................................................ 2

4............ Simplified outline of this Act.............................................................. 2

5............ Definitions.......................................................................................... 2

6............ Crown to be bound............................................................................. 3

7............ Extension to external Territories.......................................................... 3

8............ Extra-territorial application.................................................................. 3

Part 2—Commonwealth investment in the Australian Business Growth Fund   4

9............ Simplified outline of this Part.............................................................. 4

10.......... Commonwealth investment in the Australian Business Growth Fund 4

11.......... Arrangements relating to the operations of the Fund........................... 5

12.......... Minister has powers etc. of the Commonwealth................................. 5

13.......... Constitutional limits............................................................................ 5

14.......... Fund not to become a Commonwealth company................................. 6

15.......... Executive power.................................................................................. 7

16.......... Rules about the exercise of powers etc. under this Act....................... 7

Part 3—Miscellaneous                                                                                                          8

17.......... Simplified outline of this Part.............................................................. 8

18.......... Appropriation of Consolidated Revenue Fund.................................... 8

19.......... Delegations by the Minister................................................................ 9

20.......... Annual report...................................................................................... 9

21.......... Review of operation of this Act.......................................................... 9

22.......... Rules................................................................................................... 9

 



A Bill for an Act about Commonwealth investment in the Australian Business Growth Fund, and for related purposes

The Parliament of Australia enacts: