Money paid to Commissioner not held on trust
49 Money paid to Commissioner not held on trust
To avoid doubt, money paid under this Act to the Commissioner is not, and has never been, held on trust.
Sydney Harbour Federation Trust Act 2001
173 Section 3 (definition of Finance Minister)
Omit “Financial Management and Accountability Act 1997”, substitute “Public Governance, Performance and Accountability Act 2013”.
174 Subsection 5(2) (note)
Repeal the note, substitute:
The Public Governance, Performance and Accountability Act 2013 applies to the Trust. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.
175 Paragraph 20(2)(c)
Omit “; or”, substitute “.”.
176 Paragraph 20(2)(d)
Repeal the paragraph.
177 Subsection 20(2) (note)
Repeal the note, substitute:
The appointment of a member may also be terminated under section 30 of the Public Governance, Performance and Accountability Act 2013 (which deals with terminating the appointment of an accountable authority, or a member of an accountable authority, for contravening general duties of officials).
178 At the end of section 20
Add:
Subsection (3) is taken to apply in relation to a termination of the appointment of a member under section 30 of the Public Governance, Performance and Accountability Act 2013 in the same way as that subsection applies to a termination of the appointment of a member under this section.
179 Subsection 54(2) (note)
Repeal the note.
180 Subsection 60(2)
Repeal the subsection, substitute:
Subsection (1) does not prevent investment, under section 59 of the Public Governance, Performance and Accountability Act 2013, of money that is not immediately required for the purposes of the Trust.
181 Subsection 62(2)
Omit “Financial Management and Accountability Act 1997)”, substitute “Public Governance, Performance and Accountability Act 2013) of a non‑corporate Commonwealth entity (within the meaning of that Act)”.
182 Subsection 62(3)
Repeal the subsection.
183 Subsection 64(1)
Omit “(1)”.
184 Subsection 64(2)
Repeal the subsection.
185 Section 70
Omit “on the Trust under section 9 of the Commonwealth Authorities and Companies Act 1997”, substitute “prepared by the members and given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period”.
186 Paragraphs 70(a) and (b)
Omit “to which the report relates”.
187 After section 70
Insert:
This Act’s bill:Explanatory memorandumSecond reading speech
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