Explanatory Memorandum
Circulated By the Authority of the Minister for Financial Services, Superannuation and Corporate Law, the Hon Chris Bowen MpChapter 1 : Introduction
Clause 1: Short title
1.1 The Act may be cited as the Corporations Amendment (Improving Accountability on Termination Payments) Act 2009.
Clause 2: Commencement
1.2 Each provision of the Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
| Commencement information | ||
| Column 1 | Column 2 | Column 3 |
| Provision(s) | Commencement | Date/Details |
| 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table | The day on which this Act receives the Royal Assent. | |
| 2. Schedule 1, Part 1 | The day after this Act receives the Royal Assent. | |
| 3. Schedule 1, Part 2 | Immediately after the provision(s) covered by table item 2. | |
| 4. Schedule 1, Part 3 | The day after this Act receives the Royal Assent. | |
1.3 Each Act that is specified in a Schedule to the Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to the Act has effect according to its terms.
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