Federal Register of Legislation - Australian Government

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Treasury Laws Amendment (2016 Measures No 2) Regulation 2016

Authoritative Version
  • - F2016L00705
  • In force - Latest Version
Regulations as made
This regulation removes redundant references to the Community Development Employment Projects (‘CDEP’) Scheme from the Retirement Savings Accounts Regulations 1997, the Superannuation Guarantee (Administration) Regulations 1993 and the Superannuation Industry (Supervision) Regulations 1994, in conjunction with the repeal of the CDEP Scheme and amends the Competition and Consumer Regulation 2010 to provide for the conferral of functions on the Australian Energy Regulator (AER) under the National Electricity (Victoria) Act 2005 (Vic).
Administered by: Treasury
Made 05 May 2016
Registered 09 May 2016
Tabled HR 30 Aug 2016
Tabled Senate 30 Aug 2016
Table of contents.

 

Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 05 May 2016

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Kelly O’Dwyer

Assistant Treasurer

 

  

  


Contents

1............ Name............................................................................................................................. 1

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

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 2

Schedule 1—Community development program                                                                          3

Retirement Savings Accounts Regulations 1997                                                                             3

Superannuation Guarantee (Administration) Regulations 1993                                                 3

Superannuation Industry (Supervision) Regulations 1994                                                           3

Schedule 2—National energy laws                                                                                                         5

Competition and Consumer Regulations 2010                                                                                5

 


1  Name

                   This is the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 4 and anything in this instrument not elsewhere covered by this table

The day after this instrument is registered.

10 May 2016

2.  Schedule 1

The later of:

(a) the start of the day after this instrument is registered; and

(b) the same time as Part 1 of Schedule 2 to the Social Security Legislation Amendment (Community Development Program) Act 2016 commences.

However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.

 

3.  Schedule 2

The later of:

(a) the start of the day after this instrument is registered; and

(b) immediately after the commencement of Part 2 of the National Electricity (Victoria) Further Amendment Act 2016 (Vic.).

However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the following:

                     (a)  the Competition and Consumer Act 2010;

                     (b)  the Retirement Savings Accounts Act 1997;

                     (c)  the Superannuation Guarantee (Administration) Act 1992;

                     (d)  the Superannuation Industry (Supervision) Act 1993.

4  Schedules

                   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 1Community development program

  

Retirement Savings Accounts Regulations 1997

1  Subregulation 4.01(2) (paragraph (e) of the definition of Commonwealth income support payment)

Repeal the paragraph.

2  In the appropriate position in Part 7

Insert:

7.4  Amendment made by the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016

                   The amendment of these Regulations made by item 1 of Schedule 1 to the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016 does not apply in relation to a payment of salary or wages made before the commencement of that Schedule under the employment scheme of the Commonwealth that was known as the Community Development Employment Projects Scheme.

Superannuation Guarantee (Administration) Regulations 1993

3  Subregulation 7(1)

Omit “(1)”.

4  Subregulation 7(2)

Repeal the subregulation.

5  After regulation 11

Insert:

12  Saving—Amendments made by the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016

                   The amendments of these Regulations made by items 3 and 4 of Schedule 1 to the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016 do not apply in relation to a payment of salary or wages made before the commencement of that Schedule under the employment scheme of the Commonwealth that was known as the Community Development Employment Program.

Superannuation Industry (Supervision) Regulations 1994

6  Subregulation 6.01(2) (paragraph (e) of the definition of Commonwealth income support payment)

Repeal the paragraph.

7  In the appropriate position in Part 14

Insert:

Division 14.10Transitional arrangements arising out of the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016

14.11  Amendment made by the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016

                   The amendment of these Regulations made by item 6 of Schedule 1 to the Treasury Laws Amendment (2016 Measures No. 2) Regulation 2016 does not apply in relation to a payment of salary or wages made before the commencement of that Schedule under the employment scheme of the Commonwealth that was known as the Community Development Employment Projects Scheme.

Schedule 2National energy laws

  

Competition and Consumer Regulations 2010

1  Regulation 7A (table item 3.2)

Repeal the item, substitute:

 

3.2

Parts 2, 3, 4 and 5 of, and Schedules 2 and 3 to, the National Electricity (Victoria) Act 2005 (Vic.) and regulations and orders made under that Act