Referral of power to the Parliament of Commonwealth
7 Referral of power to the Parliament of Commonwealth
The matter of the Commonwealth of Australia holding shares in the Snowy Hydro Company, to the extent to which it is not otherwise included in the legislative powers of the Parliament of the Commonwealth, is referred to the Parliament of the Commonwealth for a period commencing on the day on which this section commences and ending on the day fixed under subsection (2) as the day on which the reference under this section terminates, but no longer.
The Governor in Council may, at any time, by Order published in the Government Gazette, fix a day as the day on which the reference under this section terminates.
In this section, a reference to holding shares includes a reference to acquiring, disposing of or dealing with those shares.
This Act’s bill:Second reading speech
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