Commonwealth Consolidated Acts

FINANCIAL FRAMEWORK LEGISLATION AMENDMENT ACT 2010 - SCHEDULE 9

1   At the end of subsection 5(2)

Add:

Note:   The Commonwealth Authorities and Companies Act 1997 applies to the Commission. That Act deals with matters relating to Commonwealth authorities, including reporting and accountability, banking and investment, and the conduct of officers.

2   Paragraph 19(2)(b)

Repeal the paragraph, substitute:

  (b)   fails, without reasonable excuse, to comply with his or her obligations under section   27F or 27J of the Commonwealth Authorities and Companies Act 1997 ;

3   Section   31

Repeal the section.

4   Section   38

Repeal the section, substitute:

38   Annual report

  (1)   An annual report prepared by members under section   9 of the Commonwealth Authorities and Companies Act 1997 must also contain any other information required by the Agreement to be included in the report.

  (2)   A copy of each annual report given to the Minister must be given to each member of the Australian Transport Council as soon as practicable.