Financial Framework (Supplementary Powers) Amendment Act 2024 (27 of 2024)

Schedule 1   Amendments

Part 4   Validation and saving provisions

20   Validation - arrangements etc.

(1) This item applies if, at a time before the commencement of this item (the relevant time ):

(a) the Commonwealth purported to make, vary or administer an arrangement or grant under section 32B of the Financial Framework (Supplementary Powers) Act 1997 as in force at the relevant time (the old Act ); and

(b) the Commonwealth did not (apart from this item) have the power under section 32B of the old Act to make, vary or administer that arrangement or grant merely because it had the power to do so apart from subsection (1) of that section.

(2) The Commonwealth is taken to have had, at the relevant time, the power under section 32B of the old Act to make, vary or administer that arrangement or grant even though it had the power to do so apart from subsection (1) of that section.