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FINANCIAL LEGISLATION AMENDMENT BILL 2000

       Queensland




FINANCIAL LEGISLATION
 AMENDMENT BILL 2000

 


 

 

Queensland FINANCIAL LEGISLATION AMENDMENT BILL 2000 TABLE OF PROVISIONS Section Page PART 1--PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 2--AMENDMENT OF FINANCIAL ADMINISTRATION AND AUDIT ACT 1977 3 Act amended in pt 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 Amendment of s 109 (Delegation by Treasurer to certain powers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 3--AMENDMENT OF QUEENSLAND TREASURY CORPORATION ACT 1988 5 Act amended in pt 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Insertion of new pt 3, div 1 hdg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 7 Insertion of new pt 3, div 2 hdg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 8 Insertion of new pt 3, div 3 hdg and s 19AAA . . . . . . . . . . . . . . . . . . 5 Division 3--Performance dividends 19AAA Division does not apply to local governments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 9 Insertion of new pt 3, div 4 hdg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 PART 4--AMENDMENT OF STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 10 Act amended in pt 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 11 Amendment of s 61 (Statutory body must have Treasurer's approval) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

 


 

 

2000 A BILL FOR An Act to amend the Financial Administration and Audit Act 1977, Queensland Treasury Corporation Act 1988 and Statutory Bodies Financial Arrangements Act 1982

 


 

s1 4 s4 Financial Legislation Amendment The Parliament of Queensland enacts-- 1 ART 1--PRELIMINARY 2 P title 3 Short Clause 1. This Act may be cited as the Financial Legislation Amendment Act 4 2000. 5 6 Commencement Clause 2. This Act commences on a day to be fixed by proclamation. 7 ART 2--AMENDMENT OF FINANCIAL 8 P ADMINISTRATION AND AUDIT ACT 1977 9 amended in pt 2 10 Act Clause 3. This part amends the Financial Administration and Audit Act 1977. 11 of s 109 (Delegation by Treasurer to certain powers) 12 Amendment Clause 4.(1) Section 109, heading, `to'-- 13 omit, insert-- 14 `of'. 15 (2) Section 109-- 16 insert-- 17 `(3) Also, the Treasurer may delegate the Treasurer's powers under 18 section 41(2) to (3) to any of the following who has qualifications, 19 experience or standing appropriate to exercise the power-- 20

 


 

s5 5 s8 Financial Legislation Amendment (a) the chief executive officer or other officer or employee of the 1 Queensland Investment Corporation; 2 (b) an officer or employee of the Queensland Treasury Corporation.'. 3 ART 3--AMENDMENT OF QUEENSLAND 4 P TREASURY CORPORATION ACT 1988 5 amended in pt 3 6 Act Clause 5. This part amends the Queensland Treasury Corporation Act 1988. 7 of new pt 3, div 1 hdg 8 Insertion Clause 6. Part 3, before section 16-- 9 insert-- 10 `Division 1--Objectives of the Corporation'. 11 of new pt 3, div 2 hdg 12 Insertion Clause 7. After section 16-- 13 insert-- 14 `Division 2--Functions and various powers of the Corporation'. 15 of new pt 3, div 3 hdg and s 19AAA 16 Insertion Clause 8. After section 19AA-- 17 insert-- 18 3--Performance dividends 19 `Division does not apply to local governments 20 `Division `19AAA. This division does not apply to local governments.'. 21

 


 

s9 6 s 11 Financial Legislation Amendment of new pt 3, div 4 hdg 1 Insertion Clause 9. After section 19D-- 2 insert-- 3 `Division 4--Power of the Corporation to invest and enter into other 4 financial arrangements and other powers generally'. 5 ART 4--AMENDMENT OF STATUTORY BODIES 6 P FINANCIAL ARRANGEMENTS ACT 1982 7 amended in pt 4 8 Act Clause 10. This part amends the Statutory Bodies Financial Arrangements Act 9 1982. 10 of s 61 (Statutory body must have Treasurer's approval) 11 Amendment Clause 11.(1) Section 61, heading-- 12 omit, insert-- 13 `Statutory body may enter into other financial arrangements'. 14 (2) Section 61(1)-- 15 omit, insert-- 16 `61.(1) A statutory body may, with the Treasurer's approval, enter into 17 financial arrangements ( the "other financial arrangements").'. 18 (3) Section 61-- 19 insert-- 20 `(3) However, if a statutory body may, with or without the Treasurer's 21 approval, enter into a particular financial arrangement under part 4, 5 or 6, 22 subsection (1) does not apply to the statutory body for the financial 23 arrangement. 24 `(4) To remove doubt, it is declared that parts 4, 5 and 6 do not limit the 25

 


 

s 11 7 s 11 Financial Legislation Amendment financial arrangements for which the Treasurer's approval may be given for 1 subsection (1).'. 2 State of Queensland 2000

 


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