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COMMONWEALTH AUTHORITIES AND COMPANIES AMENDMENT REGULATIONS 2000 (NO. 1) 2000 NO. 83EXPLANATORY STATEMENT
STATUTORY RULES 2000 No. 83
Issued by the authority of the Minister for Finance and Administration
Commonwealth Authorities and Companies Act 1997
Commonwealth Authorities and Companies Amendment Regulations 2000 (No. 1)
The attached regulations made under subsection 49(1) of the Commonwealth Authorities and Companies Act 1997 amend the Commonwealth Authorities and Companies Regulations 1997 as they apply to those Commonwealth authorities and companies that are prescribed as government business enterprises for the purposes of the Act.
Details of the amending regulations are as follows:
The name of the amending regulations is the Commonwealth Authorities and Companies Amendment Regulations 2000 (No. 1).
The amending regulations are to be taken to have commenced on 29 November 1999.
Commencing the regulations from that date will not affect the rights of any person as at the date of their notification in the Gazette, nor will it impose liabilities on any person in respect of anything done or omitted to be done before that date. Accordingly, the amending regulations do not contravene subsection 48(2) of the Acts Interpretation Act 1901.
This provides that Schedule 1 to the amending regulations amends the Principal Regulations.
Schedule 1 provides for the omission of ADI Limited from the list of Commonwealth authorities and companies that are prescribed as government business enterprises by Regulation 4 of the Principal Regulations.
The Commonwealth sold ADI Limited on 29 November 1999. Accordingly, ADI Limited ceased being a Commonwealth company on that date. This is the date on which the regulations are to be taken to have commenced.