Federal Register of Legislation - Australian Government

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National Debt Sinking Fund Repeal Act 1994

Act No. 107 of 1994 as made
An Act to repeal the National Debt Sinking Fund Act 1966, and for related purposes
Administered by: Treasury
Date of Assent 05 Jul 1994
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994

Making Information
- Assented to 5 July 1994

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - LONG TITLE

An Act to repeal the National Debt Sinking Fund Act 1966, and for
related purposes

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 1
Short title

1. This Act may be cited as the National Debt Sinking Fund Repeal Act 1994.

(Minister's second reading speech made in -
House of Representatives on 10 May 1994
Senate on 12 May 1994)

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 2
Commencement

2. This Act commences immediately after the Financial Agreement Act 1994 commences.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 3
Interpretation

3. Unless the contrary intention appears, expressions used in this Act have the same meaning as in the National Debt Sinking Fund Act 1966 repealed by section 4.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 4
Repeal

4. The National Debt Sinking Fund Act 1966 is repealed on the day on which a notice is published under subsection 8(1).

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 5
Certain amounts not payable into National Debt Sinking Fund

5. An amount that, immediately before the commencement of this Act, is payable into the National Debt Sinking Fund under section 9 of the National Debt Sinking Fund Act 1966 is taken, after the commencement of this Act, not to have been payable.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 6
Payment into Consolidated Revenue Fund

6. As soon as practicable after the commencement of this Act, the Commission must pay the total amount of money in the Commonwealth account in the National Debt Sinking Fund into the Consolidated Revenue Fund.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 7
Payments into the Debt Retirement Reserve Trust Account

7. As soon as practicable after the commencement of this Act, the Commission must pay the total amount of money in a State's account in the National Debt Sinking Fund into the State's account in the Debt Retirement Reserve Trust Account.
Note: The Debt Retirement Reserve Trust Account is established under section 6 of the Financial Agreement Act 1994.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 8
Treasurer's notice

8.(1) If the Treasurer is satisfied that the Commission has complied with sections 6 and 7, the Treasurer must publish a notice in the Gazette in accordance with subsection (2).


(2) The notice must state that, under section 4 of this Act, the National Debt Sinking Fund Act 1966 is repealed on the day on which the notice is published.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SECT 9
Consequential amendments

9. The Acts specified in the Schedule are amended as set out in the Schedule.

NATIONAL DEBT SINKING FUND REPEAL ACT 1994 No. 107, 1994 - SCHEDULE 1

SCHEDULE
Section 9
CONSEQUENTIAL AMENDMENTS OF ACTS
Housing Assistance Act 1978
Subsection 10(3):
Omit the subsection.
Housing Assistance Act 1981
Subsection 14(3):
Omit the subsection.
Housing Assistance Act 1984
Subsection 15(3):
Omit the subsection.
International Sugar Agreement Act 1978
Section 8:
Repeal the section.
Loan (Income Equalization Deposits) Act 1976
Section 9:
Repeal the section.
Loans (Australian Industry Development Corporation) Act 1974
Section 10:
Repeal the section.
Loans (Qantas Airways Limited) Act (No. 2) 1971
Section 11:
Repeal the section.
Loans (Qantas Airways Limited) Act 1972
Section 10:
Repeal the section.
Loans (Qantas Airways Limited) Act 1974
Section 11:
Repeal the section.
Loans (Qantas Airways Limited) Act 1976
Section 11:
Repeal the section.
Organisation for Economic Co-operation and Development
(Financial Support Fund) Act 1976
Subsection 8(3):
Omit the subsection.
Urban and Regional Development (Financial Assistance) Act 1974
Subsection 9(7):
Omit the subsection.