House of Representatives

Explanatory Memorandum

(Circulated by authority of the Minister for Finance and Administration, Senator the Honourable Nick Minchin)

Notes on items in Schedule 3 of the FFLA Bill

819. Schedule 3 lists 28 Acts for repeal. With the exception of the Qantas Airways Limited (Loan Guarantee) Act 1976, all of the Acts contain the types of provisions that are otherwise included in Schedule 1 for amendment. However, because the Acts are redundant, they are proposed for repeal rather than for amendment. The Qantas Airways Limited (Loan Guarantee) Act 1976 is also redundant and this was identified during the process of examining the other Qantas Acts being repealed.

820. The Acts listed in Schedule 3 are:

Australian Development Assistance Agency (Repeal) Act 1977

Loan Act (No. 2) 1983

Loan Act 1984

Loan Act 1985

Loan Act 1986

Loan Act 1992

Loan Act 1993

Loan Act 1994

Loan Act 1995

Loan Act 1996

Loan (Income Equalization Deposits) Act 1976

Loan (International Bank for Reconstruction and Development) Act 1950

Loan (Supplementary Borrowing) Act 1969

Loans (Qantas Airways Limited) Act (No. 2) 1971

Loans (Qantas Airways Limited) Act 1972

Loans (Qantas Airways Limited) Act 1974

Loans (Qantas Airways Limited) Act 1976

Qantas Airways Limited (Loan Guarantee) Act 1976

Railway Standardization (South Australia) Agreement Act 1949

Roads Grants Act 1980

Roads Grants Act 1981

States Grants (Capital Assistance) Act (No.3) 1972

States Grants (Capital Assistance) Act 1979

States Grants (Capital Assistance) Act 1980

States Grants (Capital Assistance) Act 1981

States Grants (Roads) Act 1977

States Grants (Urban Public Transport) Act 1978

War Gratuity Appropriation Act 1948.