Federal Register of Legislation - Australian Government

Primary content

SLI 2007 No. 158 Regulations as made
These Regulations amend the Financial Management and Accountability Regulations 1997 to establish the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission and the Corporation and Markets Advisory Committee as prescribed agencies.
Administered by: Finance
General Comments: These Regulations commence as follows: (a) on the day after they are registered — regulations 1 to 3; (b) on the later of: (i) 1 July 2007; and (ii) the commencement of Schedules 1 and 2 to the Governance Review Implementation (Treasury Portfolio Agencies) Act 2007; Schedule 1.
Registered 25 Jun 2007
Tabling HistoryDate
Tabled HR07-Aug-2007
Tabled Senate07-Aug-2007
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014
Table of contents.

Financial Management and Accountability Amendment Regulations 2007 (No. 3)1

Select Legislative Instrument 2007 No. 158

I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Financial Management and Accountability Act 1997.

Dated 21 June 2007

P. M. JEFFERY

Governor‑General

By His Excellency’s Command

NICK MINCHIN


1              Name of Regulations

                These Regulations are the Financial Management and Accountability Amendment Regulations 2007 (No. 3).

2              Commencement

                These Regulations commence as follows:

                 (a)     on the day after they are registered — regulations 1 to 3;

                (b)     on the later of:

                          (i)     1 July 2007; and

                         (ii)     the commencement of Schedules 1 and 2 to the Governance Review Implementation (Treasury Portfolio Agencies) Act 2007;

                          Schedule 1.

3              Amendment of Financial Management and Accountability Regulations 1997

                Schedule 1 amends the Financial Management and Accountability Regulations 1997.


Schedule 1        Amendments

(regulation 3)

  

[1]           Schedule 1, Part 1, before item 114AB

insert

114AAB

Australian Prudential Regulation Authority (APRA), comprising:

   (a)  the Chair of APRA appointed under section 18 of the Australian Prudential Regulation Authority Act 1998; and

   (b)  members appointed under section 16 of that Act; and

   (c)  staff mentioned in subsection 45 (1) of that Act; and

   (d)  persons whose services are made available to APRA under section 46 of that Act; and

   (e)  consultants engaged under section 47 of that Act.

Chair

[2]           Schedule 1, Part 1, after item 115

insert

115A

Australian Securities and Investments Commission, comprising:

   (a)  the Chairperson and other members of the Commission; and

   (b)  the staff mentioned in section 120 of the Australian Securities and Investments Commission Act 2001; and

   (c)  consultants engaged under section 121 of that Act; and

   (d)  persons whose services are made available to the Commission under section 122 of that Act.

See Note B

Chairperson

[3]           Schedule 1, Part 1, after item 122

insert

122AAA

Corporations and Markets Advisory Committee (CAMAC), comprising:

   (a)  the Convenor and other members appointed under section 147 of the Australian Securities and Investments Commission Act 2001; and

   (b)  the staff mentioned in section 156 of that Act; and

   (c)  consultants engaged under section 157 of that Act; and

   (d)  persons whose services are made available to CAMAC under section 158 of that Act.

See Note B

Convenor

[4]           Schedule 1, Part 2, item 202

omit

[5]           Schedule 1, Part 2, note

substitute

Note   The body in this Part is an FMA agency only in regard to public money that it holds — see regulation 5.


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.