Treasury Legislation Amendment Act (No. 1) 2002 (Cth)

Treasury Legislation Amendment Act (No. 1) 2002

No. 94, 2002

An Act to clarify the operation of certain amending Acts, and for related purposes

Contents

Treasury Legislation Amendment Act (No. 1) 2002

No. 94, 2002

An Act to clarify the operation of certain amending Acts, and for related purposes

[Assented to 31 October 2002]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Treasury Legislation Amendment Act (No. 1) 2002.

2Commencement

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

3Purpose of Act

The purpose of this Act is to clarify the operation of the amendments made by the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 and the General Insurance Reform Act 2001 that commenced on 1 July 2002.

4Operation of amendments

The provisions of the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 that commenced on 1 July 2002 are taken to have commenced immediately before the provisions of the General Insurance Reform Act 2001 that commenced on that day.

Note: This section ensures that, where the same provision is amended by both of the Acts, the amendments made by the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 operate first.

[Minister’s second reading speech made in—

House of Representatives on 19 September 2002

Senate on 26 September 2002]

(190/02)