Financial Framework Legislation Amendment Bill (No. 2) 2013

Type
Government
Portfolio
Finance and Deregulation
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
The bill: amends the:
Administrative Decisions (Judicial Review) Act 1977
to provide that decisions made under the proposed amendment to the
Financial Management and Accountability Act 1997
are not subject to administrative review;
Financial Management and Accountability Act 1997
to authorise the Commonwealth to form or participate in forming companies and to acquire shares in, or become a member of a company, if the proposed company and its objects or proposed activities are specified in the Financial Management and Accountability Regulations 1997;
Social Security Act 1991
to provide for recoverable payments and recoverable death payments for payments made under the Australian Government Disaster Recovery Payments scheme;
Judges’ Pensions Act 1968
and
Remuneration Tribunal Act 1973
to establish recoverable payments and recoverable death payments; and Financial Management and Accountability Regulations 1997 to specify a list of existing Commonwealth-owned companies; and enables deferred tax asset relief to be provided to the Commonwealth Superannuation Corporation in relation to the transfer of assets from the Military Superannuation and Benefits Fund to the ARIA Investments Trust.

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Progress

House of Representatives
Introduced and read a first time 13 Mar 2013
Second reading moved 13 Mar 2013
Referred to Federation Chamber 20 Mar 2013
Second reading debate 20 Mar 2013
Second reading agreed to 20 Mar 2013
Reported from Federation Chamber 20 Mar 2013
Third reading agreed to 20 Mar 2013
Senate
Introduced and read a first time 20 Mar 2013
Second reading moved 20 Mar 2013
Second reading debate 16 May 2013
Second reading agreed to 16 May 2013
Third reading agreed to 16 May 2013
Text of bill as passed both Houses 16 May 2013
Assent
  • Act no.: 53
  • Year: 2013
28 May 2013

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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