Commonwealth Numbered Regulations - Explanatory Statements

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REMUNERATION TRIBUNAL (MISCELLANEOUS PROVISIONS) REGULATIONS (AMENDMENT) 1991 NO. 164

Statutory Rules 1991 No. 164

Remuneration Tribunal (Miscellaneous Provisions) Regulations (Amendment)

(Issued by the Authority of the Minister for Industrial Relations)

Section 13 of the Remuneration Tribunal Act 1973 (the Act) provides that the Governor-General may make regulations for the purposes of the Act.

Under sub-section 7(3) of the Act, the Remuneration Tribunal determines the remuneration payable to holders of public office. Paragraph 3(4)(a) of the Act provides that reference to a public office does not include a reference to an office or appointment declared by regulations made for the purposes of that paragraph to be a principal executive office.

The Commonwealth Funds Management Limited Act 1991 (the Act) created a new company, Commonwealth Funds Management Limited, which took over the function of the Superannuation Fund Investment Trust. It was necessary to prescribe as a principal executive office the position of Chief Executive Officer, Commonwealth Funds Management Limited, so that the remuneration package of that office could instead be determined by the Board of Directors (in consultation with the Remuneration Tribunal).

The Regulations amend Schedule 1 of the Remuneration Tribunal (Miscellaneous Provisions) Regulations to include "Chief Executive Officer of Commonwealth Funds Management Limited".