1998‑99

The Parliament of the
Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Presented and read a first time

Authorised Non‑operating Holding Companies Supervisory Levy Determination Validation Bill 1999

No.      , 1999

(Treasury)

A Bill for an Act to validate a determination made under the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998

ISBN:  0642 405654  

Contents
1	Short title	1
2	Commencement	1
3	Definition	2
4	Validity of determination	2

A Bill for an Act to validate a determination made under the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998
The Parliament of Australia enacts:
1  Short title
		This Act may be cited as the Authorised Non‑operating Holding Companies Supervisory Levy Determination Validation Act 1999.
2  Commencement
		This Act commences on the commencement of Part 1 of Schedule 12 to the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 2) 1999.
3  Definition
		In this Act:
Imposition Act means the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.
4  Validity of determination
	(1)	This section applies to a determination that was purportedly made under subsection 7(1) of the Imposition Act on 11 August 1998, and was notified in the Gazette on 13 August 1998.
	(2)	The determination is taken, despite subsection 48(2) of the Acts Interpretation Act 1901:
	(a)	to have been made under subsection 7(1) of the Imposition Act; and
	(b)	to have been effective on and at all times after 1 July 1998.
	(3)	Despite paragraph (2)(b), the determination may be repealed, rescinded, revoked, amended or varied in accordance with subsection 33(3) of the Acts Interpretation Act 1901.