Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Peter Costello, MP)Introduction
Clause 1: Short title
3.1 This Act may be cited as the Financial Sector Legislation Amendment (Restructures) Act 2007 .
Clause 2: Commencement
3.2 This Act commences on the day on which it receives the Royal Assent.
Clause 3: Schedules
3.3 Schedule 1 and 3 (excluding consequential amendments to the Income Tax Assessment Act 1997 in Schedule 3) will commence on the day on which this Act receives the Royal Assent. Schedule 2 and consequential amendments to the Income Tax Assessment Act 1997 in Schedule 3 will commence on 1 July 2007.
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