Federal Register of Legislation - Australian Government

Primary content

The Trade Legislation Amendment Commencement Proclamation 2016 will bring about the name change to the Commission with the fixed date of commencement set at 1 May 2016 as the day on which Schedule 2 to that Act commences.
Administered by: Foreign Affairs and Trade
Registered 19 Apr 2016
Date of repeal 02 May 2016
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003

Explanatory Statement

 

Issued by the authority of the Minister for Trade and Investment

 

Trade Legislation Amendment Act (No. 1) 2016

 

Trade Legislation Amendment Commencement Proclamation 2016

 

Schedule 2  of the Trade Legislation Amendment Act (No. 1) 2016 (the Act) amends the Australian Trade Commission Act 1985, changing the Commission’s name from the Australian Trade Commission to the Australian Trade and Investment Commission, and makes consequential changes to other Acts as a result of this change.

 

The purpose of Schedule 2 of the Act is to better reflect both the agency’s significant role in promoting and attracting foreign investment and the priority the Government has placed on attracting foreign investment to secure Australia’s future prosperity. 

It is not proposed to change the corporate moniker ‘Austrade’ as this name and brand carries significant goodwill with business in Australia. 

 

Item 3 of the table in subsection 2(1) of the Trade Legislation Amendment Act (No. 1) 2016, states that Schedule 2 to the Act commences on a single day to be fixed by Proclamation.  If the provisions do not commence within the period of six months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

The Trade Legislation Amendment Commencement Proclamation 2016 will bring about the name change to the Commission with the fixed date of commencement set at 1 May 2016 as the day on which Schedule 2 to that Act commences. 

The Office of Best Practice Regulation has advised that a Regulation Impact Statement is not required (OBPR reference ID: 19213).

 

 

FINANCIAL IMPACT

The Trade Legislation Amendment Commencement Proclamation 2016 financial impact is negligible and have already been considered in relation to the changes made to the Australian Trade Commission Act 1985 by the Act as being limited to rebranding stationery, official documents and events, the great majority of which can be changed on line. 

 

STATEMENT OF COMPATIBILITY WITH HUMAN RIGHTS

The Trade Legislation Amendment Commencement Proclamation 2016 does not raise any human rights issues and is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.