Senate

Financial Framework Legislation Amendment Bill (No. 1) 2011

Financial Framework Legislation Amendment Act (No. 1) 2011

Revised Explanatory Memorandum

This memorandum takes account of an amendment made by the The House Of Representatives to The Bill as introduced

(Circulated with the authority of the Minister for Finance and Deregulation, Senator the Hon Penny Wong)

VII. Notes on Schedule 4 - Amending the Primary Industries (Excise) Levies Act 1999

63. This Schedule seeks to remove a redundant reference to a former organisation's name in the Primary Industries (Excise) Levies Act 1999 (Excise Levies Act).

64. An explanation of the amendment proposed in Schedule 4 is provided below.

Repeal of a redundant definition (ABARE)

65. Item 1 repeals the definition of the 'Australian Bureau of Agricultural and Resource Economics' (ABARE) at clause 1 of Schedule 6 of the Excise Levies Act.

66. ABARE is no longer in existence. In 2010, the Department of Agriculture, Fisheries and Forestry merged two Bureaus within the Department (ABARE and the 'Bureau of Rural Sciences') to establish the 'Australian Bureau of Agricultural and Resource Economics and Sciences' (ABARES).

67. Furthermore, ABARE is not referred to elsewhere in Schedule 6 of the Excise Levies Act, so this definition is redundant. Because of this, ABARES does not need to be added to the definitions in Schedule 6 of the Excise Levies Act.

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