Financial Legislation Amendment Act 2000 (Qld)

Queensland FINANCIAL LEGISLATION AMENDMENT ACT 2000 Act No. 49 of 2000

Queensland FINANCIAL LEGISLATION AMENDMENT ACT 2000 Section 1 2 3 4 5 6 7 8 9 10 11 TABLE OF PROVISIONS Page PART 1—PRELIMINARY Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 2—AMENDMENT OF FINANCIAL ADMINISTRATION AND AUDIT ACT 1977 Act amended in pt 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Amendment of s 109 (Delegation by Treasurer to certain powers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 3—AMENDMENT OF QUEENSLAND TREASURY CORPORATION ACT 1988 Act amended in pt 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Insertion of new pt 3, div 1 hdg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Insertion of new pt 3, div 2 hdg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Insertion of new pt 3, div 3 hdg and s 19AAA . . . . . . . . . . . . . . . . . . 5 Division 3—Performance dividends 19AAA Division does not apply to local governments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Insertion of new pt 3, div 4 hdg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 PART 4—AMENDMENT OF STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 Act amended in pt 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Amendment of s 61 (Statutory body must have Treasurer’s approval) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Queensland Financial Legislation Amendment Act 2000 Act No. 49 of 2000 An Act to amend the FinancialAdministrationandAuditAct1977 , QueenslandTreasuryCorporationAct1988 and Statutory BodiesFinancial Arrangements Act 1982 [Assented to 17 November 2000]

s1 4 Financial Legislation Amendment The Parliament of Queensland enacts— s4 No. 49, 2000 PART 1—PRELIMINARY ˙ Short title 1. This Act may be cited as the Financial Legislation Amendment Act 2000 . ˙ Commencement 2. This Act commences on a day to be fixed by proclamation. PART 2—AMENDMENT OF FINANCIAL ADMINISTRATION AND AUDIT ACT 1977 ˙ Act amended in pt 2 3. This part amends the Financial Administration and Audit Act 1977 . ˙ Amendment of s 109 (Delegation by Treasurer to certain powers) 4.(1) Section 109, heading, ‘ to ’— omit, insert— ‘ of ’. (2) Section 109— insert— ‘ (3) Also, the Treasurer may delegate the Treasurer’s powers under section 41(2) to (3) to any of the following who has qualifications, experience or standing appropriate to exercise the power—

s5 5 s8 Financial Legislation Amendment No. 49, 2000 (a) the chief executive officer or other officer or employee of the Queensland Investment Corporation; (b) an officer or employee of the Queensland Treasury Corporation.’. PART 3—AMENDMENT OF QUEENSLAND TREASURY CORPORATION ACT 1988 ˙ Act amended in pt 3 5. This part amends the Queensland Treasury Corporation Act 1988 . ˙ Insertion of new pt 3, div 1 hdg 6. Part 3, before section 16— insert— ‘ Division 1—Objectives of the Corporation ’. ˙ Insertion of new pt 3, div 2 hdg 7. After section 16— insert— ‘ Division 2—Functions and various powers of the Corporation ’. ˙ Insertion of new pt 3, div 3 hdg and s 19AAA 8. After section 19AA— insert— ‘ Division 3—Performance dividends ˙ ‘ Division does not apply to local governments ‘ 19AAA. This division does not apply to local governments.’.

s 9 6 s 11 Financial Legislation Amendment No. 49, 2000 ˙ Insertion of new pt 3, div 4 hdg 9. After section 19D— insert— ‘ Division 4—Power of the Corporation to invest and enter into other financial arrangements and other powers generally ’. PART 4—AMENDMENT OF STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 ˙ Act amended in pt 4 10. This part amends the Statutory Bodies Financial Arrangements Act1982 . ˙ Amendment of s 61 (Statutory body must have Treasurer’s approval) 11.(1) Section 61, heading— omit, insert— ‘ Statutory body may enter into other financial arrangements ’. (2) Section 61(1)— omit, insert— ‘ 61.(1) A statutory body may, with the Treasurer’s approval, enter into financial arrangements ( the “other financial arrangements” ).’. (3) Section 61— insert— ‘ (3) However, if a statutory body may, with or without the Treasurer’s approval, enter into a particular financial arrangement under part 4, 5 or 6, subsection (1) does not apply to the statutory body for the financial arrangement. ‘ (4) To remove doubt, it is declared that parts 4, 5 and 6 do not limit the

s 11 7 s 11 Financial Legislation Amendment No. 49, 2000 financial arrangements for which the Treasurer’s approval may be given for subsection (1).’. © State of Queensland 2000