Infrastructure Australia Amendment Act 2014 (77 of 2014)

Schedule 2   Transitional and savings provisions

Part 5   Reporting obligation

10   Final annual report

(1) The old Infrastructure Australia must, before the transition time, prepare and give to the Minister, for presentation to the Parliament, a report on the old Infrastructure Australia's operations during the final reporting period.

(2) Subsection 26(2) of the Infrastructure Australia Act 2008 as in force immediately before the commencement of this item applies to the report, as if a reference to a financial year were a reference to the final reporting period.

(3) The Minister must table the report in each House of the Parliament as soon as practicable after the transition time.

(4) A report given to the Minister under this item discharges the old Infrastructure Australia's obligations under section 26 of the Infrastructure Australia Act 2008 in respect of any period covered by the report.

(5) In this item:

final reporting period means the period:

(a) beginning:

(i) if, at the commencement of this item, no report under section 26 of the Infrastructure Australia Act 2008 has been given to the Minister for the financial year ending before that commencement - at the start of that financial year; or

(ii) otherwise - at the start of the financial year in which this item commences; and

(b) ending immediately before the transition time.