EXPLANATORY STATEMENT
STATUTORY RULES No 348 OF 1986
ISSUED BY AUTHORITY OF THE MINISTER OF STATE FOR TRANSPORT
Subject - AUSTRALIAN NATIONAL RAILWAYS COMMISSION ACT 1983
AUSTRALIAN NATIONAL RAILWAYS COMMISSION REGULATIONS (AMENDMENT)
Section 80 of the Australian National Railways Commission Act 1983 (“the Act”) provides, inter alia, that the Governor-General may make regulations, not inconsistent with the Act, prescribing matters required or permitted by the Act, to be prescribed by the regulations.
Paragraph 7(1)(a) of the Act provides that the Australian National Railways Commission (“the Commission”) shall not, without the approval of the Minister for Transport, enter into a contract under which the Commission is to pay or receive an amount exceeding $2,000,000 or, if a higher amount is prescribed by the regulations, that higher amount.
The Government’s policy is that the amount up to which the Commission may enter into a contract without Ministerial approval should be maintained at the $2,000,000 level in real terms.
As a consequence it is proposed to prescribe by regulation an amount of $2,300,000 being an estimate of the current value of the $2,000,000 contract ceiling specified in paragraph 7(1)(a) of the Act.
Details of the regulations are as follows.
Regulation 3 prescribes an amount of $2,300,000 for the purposes of paragraph 7(1)(a) of the Act.
Authority: | Section 80 of the Australian National Railways Commission Act 1983 |