Auctioneers and Agents (Finance) Amendment Act 1987 (NSW)

AUCTIONEERS AND AGENTS (FINANCE) AMENDMENT

ACT 1987 No. 69

NEW SOUTH WALES

TABLE OF PROVISIONS

1.       Short title

2.        Commencement

3. Amendment of Act No. 28, 1941 s. 63F (Application of moneys for the purposes of the Fair Trading Act 1987)

4.        Transitional

AUCTIONEERS AND AGENTS (FINANCE) AMENDMENT ACT 1987

No. 69

NEW SOUTH WALES

Act No. 69, 1987

An Act to amend the Auctioneers and Agents Act 1941 with respect to the

of partially funding the costs of administering the Fair Trading Act 1987. use of the Auctioneers and Agents Statutory Interest Account for the purpose [Assented to 10 June 1987]

Auctioneers and Agents (Finance) Amendment 1987

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows:

Short title

1. This Act may be cited as the "Auctioneers and Agents (Finance)

Amendment Act 1987".

Commencement

2. (1) Sections 1 and 2 shall commence on the date of assent to this

Act.

(2) Except as provided by subsection (1), this Act shall commence on such day as may be appointed by the Governor and notified by proclamation published in the Gazette.

Amendment of Act No. 28, 1941 s. 63F (Application of moneys for the purposes of the Fair Trading Act 1987)

3. The Auctioneers and Agents Act 1941 is amended by inserting after

section 63E the following section:

Application of moneys for the purposes of the Fair Trading Act 1987

63F. (1) In addition to payments made under sections 6 3 D and 63E,

such contributions from the moneys of the Statutory Interest Account as

are agreed between—

(a) the Minister; and

(b) the Minister administering the Fair Trading Act 1987,

shall be paid towards the costs, charges and expenses of the

administration of the Fair Trading Act 1987 in the year ending on 30

June next succeeding the year in which an agreement is made.

(2) Contributions referred to in subsection (1) shall be paid in the

manner determined by the Treasurer.

Transitional

4. There shall be paid from the Auctioneers and Agents Statutory Interest

Account such contributions as—

(a) the Minister administering the Auctioneers and Agents Act 1941; and

3   Act No. 69

Auctioneers and Agents (Finance) Amendment 1987

(b) the Minister administering the Fair Trading Act 1987,

may agree upon for payment towards the costs, charges and expenses of the administration of the Fair Trading Act 1987 in the first year of its operation.