Local Government (Financial Assistance) Amendment Act 1988 (Cth)

Local Government (Financial Assistance) Amendment Act 1988

No. 50 of 1988

An Act to amend the Local Government (Financial Assistance) Act 1986

[Assented to 15 June 1988]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title etc.

1. (1) This Act may be cited as the Local Government (Financial Assistance) Amendment Act 1988.

(2) In this Act, “Principal Act” means the Local Government (Financial Assistance) Act 19861.

Commencement

2. This Act commences on the day on which it receives the Royal Assent.

Interpretation

3. Section 3 of the Principal Act is amended:

(a) by omitting “or” from paragraph (b) of the definition of “base figure”;

 

(b) by inserting after paragraph (b) of the definition of “base figure” the following paragraphs:

“(ba) in relation to the year commencing on 1 July 1988—the amount of $652.5 millions;

(bb) in relation to the year commencing on 1 July 1989— the amount ascertained in accordance with the formula , where:

A is $652.5 millions; and

B is the estimated factor for that year; or”;

(c) by omitting “1988” from paragraph (c) of the definition of “base figure” and substituting “1990”.

Determination of estimated factor

4. Section 5 of the Principal Act is amended by omitting from subsection (2) “1988” and substituting “1989”.

Determination of final factor

5. Section 6 of the Principal Act is amended:

(a) by omitting from subsection (2) “1988” and substituting “1989”;

(b) by inserting in subsection (5) “(other than the year commencing on 1 July 1988)” after “applies”.

State entitlements for local government purposes

6. Section 7 of the Principal Act is amended:

(a) by omitting from subsection (3) “subsection (10)” and substituting “subsection (10a)”;

(b) by omitting from subsection (10) “, (3)”;

(c) by inserting after subsection (10) the following subsection:

“(10a) A State is not entitled to a payment under subsection (3) in respect of the year commencing on 1 July 1988 until 15 August 1988.”

NOTE

1. No. 79, 1986, as amended. For previous amendments, see No. 45, 1987.

[Minister’s second reading speech made in—

House of Representatives on 25 May 1988

Senate on 30 May 1988