Federal Register of Legislation - Australian Government

Primary content

Principles as made
This instrument amends the User Rights Principles 1997 to update the references to the list of Religious Charitable Development Funds (RCDFs) in the 2013 Exemption. It also clarifies that it is not a permitted use if an approved provider invests accommodation bonds in a controlling entity of a fund (rather than the fund itself) listed within the Schedule to the 2013 Exemption.
Administered by: Social Services
Made 19 Dec 2013
Registered 23 Dec 2013
Tabled HR 11 Feb 2014
Tabled Senate 11 Feb 2014
Date of repeal 25 Dec 2013
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003
Table of contents.

Description: Commonwealth Coat of Arms

 

 

User Rights Amendment (Investment of Accommodation Bonds) Principle 2013

 

 

 

I, MITCH FIFIELD, Assistant Minister for Social Services, make the following principle under section 96-1 of the Aged Care Act 1997.

 

Dated: 19 December 2013

 

 

 

 

 

Mitch Fifield

Assistant Minister for Social Services

 

 

 

 

 


 


Contents

1             Name of principle                                                                                                           1

2             Commencement                                                                                                              1

3             Authority                                                                                                                        1

4             Schedule(s)                                                                                                                     1

Schedule 1—Amendments                                                                                                                          2

User Rights Principles 1997                                                                                                                2

 

 

 


 


1  Name of principle

                   This principle is the User Rights Amendment (Investment of Accommodation Bonds) Principle 2013.

2  Commencement

                   This principle commences on the day after it is registered.

3  Authority

                   This principle is made under the Aged Care Act 1997.

4  Schedule(s)

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

User Rights Principles 1997

1  Paragraph 23.38B(1)(b)

Repeal the paragraph, substitute:

               (b)    a fund, but not a controlling entity of a fund, listed in item 2 of the Schedule to Banking exemption No. 1 of 2013 made under the Banking Act 1959.

2  Paragraph 23.64B(1)(c)

Repeal the paragraph, substitute:

(c)     the accommodation bond is invested in a fund, but not a controlling entity of a fund, listed in item 2 of the Schedule to Banking exemption No. 1 of 2013 made under the Banking Act 1959.