2008‑2009

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Presented and read a first time

Car Dealership Financing Guarantee Appropriation Bill 2009

No.      , 2009

(Treasury)

A Bill for an Act to provide for an appropriation for the Australian Government Guarantee to Support Interim Funding to Car Dealerships, and for related purposes

Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 1

3............ Definitions.......................................................................................... 2

4............ Application within and outside Australia.......................................... 2

5............ Appropriation.................................................................................... 2

A Bill for an Act to provide for an appropriation for the Australian Government Guarantee to Support Interim Funding to Car Dealerships, and for related purposes

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Car Dealership Financing Guarantee Appropriation Act 2009.

2  Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3  Definitions

                   In this Act:

Deed of Guarantee means the Deed of Guarantee in respect of the Australian Government Guarantee to Support Interim Funding to Car Dealerships, executed on behalf of the Commonwealth on 23 December 2008, as that Deed is in force from time to time.

4  Application within and outside Australia

                   This Act applies both within and outside Australia.

5  Appropriation

                   The Consolidated Revenue Fund is appropriated for the purposes of paying claims under the Deed of Guarantee.