House of Representatives

Explanatory Memorandum

(Circulated by authority of the Assistant Treasurer, Senator the Hon Rod Kemp)

Preliminary

Overview

This part of the Bill sets out the preliminary details of the Act.

Purpose of the Provisions

The purpose of the provisions is to:

•

Establish the title, scope and commencement date of the Act.

Explanation of Provisions

Clause 1 - Short Title

This clause provides the mode of citation of the Act.

Clause 2 - Commencement

Subclause (1) provides that, subject to this section, the Act commences on 1 July 1999.

Subclause (2) provides that items 29 and 54 of Schedule 1 commence on 1 April 2000.

Subclause (3) provides that items 44 and 50 of Schedule 1 commence on 1 July 2000.

Clause 3 - Schedules

This clause provides that, subject to section 2 of the SIS Act, each Act specified in a Schedule to this Act is amended or repealed as set out in the Schedule.