Financial Framework (Supplementary Powers) Amendment (Finance Measures No. 3) Regulations 2024 (Cth)

Financial Framework (Supplementary Powers) Amendment (Finance Measures No. 3) Regulations 2024

I, the Honourable Sam Mostyn AC, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 24 October 2024

Sam Mostyn AC

Governor‑General

By Her Excellency’s Command

Katy Gallagher

Minister for Finance

Contents

1Name

This instrument is the Financial Framework (Supplementary Powers) Amendment (Finance Measures No. 3) Regulations 2024.

2Commencement

1. (1)

   Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1. The whole of this instrument	The day after this instrument is registered.	29 October 2024

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

1. (2)

   Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3Authority

This instrument is made under the Financial Framework (Supplementary Powers) Act 1997.

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

Financial Framework (Supplementary Powers) Regulations 1997

1. 1

   In the appropriate position in Part 1 of Schedule 1AB (table)

Insert:

6 Arrangement with Snowy Hydro Limited To provide a loan to Snowy Hydro Limited to finance the construction of the Snowy 2.0 project. This purpose has the effect it would have if it were limited to providing funding: (a) in connection with trade and commerce among the States and Territories; or (b) to give effect to Australia’s obligations under one or more of the following: (i) the United Nations Framework Convention on Climate Change, particularly Article 4; (ii) the Kyoto Protocol to the United Nations Framework Convention on Climate Change, particularly Article 10; (iii) the Paris Agreement, particularly Articles 4 and 7.