Governance Review Implementation (Treasury Portfolio Agencies) Act 2007 (74 of 2007)

Schedule 1   Amendments

Part 2   CAMAC

Australian Securities and Investments Commission Act 2001

43   After section 146

Insert:

146A CAMAC’s liabilities are Commonwealth liabilities

(1) Any financial liabilities of CAMAC are taken to be liabilities of the Commonwealth.

(2) For the purposes of this section:

financial liability means a liability to pay a person an amount where the amount, or the method for working out the amount, has been determined.