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TELECOMMUNICATIONS (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1997 - SCHEDULE 3

Amendments consequential on the enactment of the Commonwealth Authorities and Companies Act 1997

 

Australian Communications Authority Act 1997

1   Section   10

Repeal the section.

2   Section   11

Repeal the section.

3   At the end of section   12

Add:

  (3)   The ACA must perform its functions in a manner consistent with any directions given by the Minister under subsection   ( 1).

  (4)   This section does not affect the application of section   28 of the Commonwealth Authorities and Companies Act 1997 in relation to the ACA.

4   At the end of subsection   15(1)

Add:

Note:   The Commonwealth Authorities and Companies Act 1997 applies to the ACA. That Act deals with matters relating to Commonwealth authorities, including reporting and accountability, banking and investment and conduct of officers.

5   At the end of section   19

Add:

  (6)   Except as expressly provided by this Act, an associate member is taken not to be a director of the ACA for the purposes of the Commonwealth Authorities and Companies Act 1997 .

6   Section   30

Repeal the section, substitute:

30   Disclosure of interests--associate members taken to be directors

    For the purposes of section   21 of the Commonwealth Authorities and Companies Act 1997 (which deals with disclosure of interests), an associate member is taken to be a director of the ACA.

7   Paragraph 37(4)(d)

Repeal the paragraph, substitute:

  (d)   a member or associate member fails, without reasonable excuse, to comply with section   21 of the Commonwealth Authorities and Companies Act 1997 (in so far as that section relates to the ACA);

8   Subsection   37(6)

Omit "section   63H of the Audit Act 1901 ", substitute "section   9 of the Commonwealth Authorities and Companies Act 1997 ".

9   At the end of section   37

Add:

  (7)   If the Minister is of the opinion that the members have failed to comply with any of the following provisions (in so far as those provisions relate to the ACA):

  (a)   subsection   13(2) or 15(1) of the Commonwealth Authorities and Companies Act 1997 ;

  (b)   paragraph   16(1)(a) or (b) of the Commonwealth Authorities and Companies Act 1997 ;

the Governor - General may terminate the appointment of all members or particular members.

10   Subsection   40(3)

Repeal the subsection.

11   Subsection   44(2)

Repeal the subsection, substitute:

  (2)   Subsection   ( 1) does not prevent the investment of surplus money of the ACA under section   18 of the Commonwealth Authorities and Companies Act 1997 .

12   Section   45

Repeal the section.

13   Subsection   50(1)

Omit "section   63H of the Audit Act 1901 ", substitute "section   9 of the Commonwealth Authorities and Companies Act 1997 ".

14   Paragraph 50(2)(a)

Omit "section   11", substitute "section   28 of the Commonwealth Authorities and Companies Act 1997 ".

15   Paragraph 56(1)(a)

Omit "section   11", substitute "section   28 of the Commonwealth Authorities and Companies Act 1997 ".



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