Explanatory Memorandum
(Circulated by authority of the Parliamentary Secretary to Treasurer, Senator the Hon Ian Campbell)Notes on Clauses
Clause 1: Short Title
1. Clause 1 is a formal provision specifying the short title of the Bill.
Clause 2: Commencement
2. Clause 2 provides that each provision of the Bill will commence as set out in the table. Sections 1 to 3 will commence on the day the Bill receives Royal Assent. Schedule 1 will commence immediately after the commencement of the Family Law Legislation Amendment (Superannuation) Act 2001 . Schedule 2 will commence immediately after the commencement of Schedule 1 of the Financial Services Reform Act 2001 which has been proclaimed to commence on 11 March 2002.
Clause 3 - Schedules
3. This clause provides that each Act as specified in a Schedule to the Bill is amended or repealed as set out in the applicable items in the Schedule.
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