House of Representatives

Explanatory Memorandum

(Circulated by Authority of the Minister for Infrastructure and Regional Development, the Hon Warren Truss MP)

Notes on clauses

Clause 1: Short Title

Clause 1 provides for the Act to be called the Infrastructure Australia Amendment Act 2013

Clause 2: Commencement

Sub-clause 2(1) provides that each provision of the Bill specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table.

Item 1 of the table provides that clauses 1 to 3 of the Bill (which provide for the short title and commencement of the provisions of the Bill, and outline the effect of the Schedules to the Bill), and anything in the Bill not covered elsewhere in the table, commence on the day this Act receives the Royal Assent.

Item 2 of the table provides that Schedule 1 of the Bill "Amendments" is to commence on a day to be fixed by proclamation and in accordance of column 2 of the table.

Item 3 of the table provides that Schedule 2 "Application, transitional and savings provisions"

Part 1 "Introduction" is to commence on the day this Act receives the Royal Assent.

Item 4 of this table provides that Schedule 2 "Application, transitional and savings provisions" Parts 2 to 4 of the Bill (transfer of certain assets and liabilities, Transfer of other matters and Infrastructure Australia Special Account respectively) is to commence at the same time as the provisions(s) covered by table item 2.

Item 5 of this table provides that Schedule 2 "Application, transitional and savings provisions"

Part 5 "Reporting obligation" is to commence on the day this Act receives the Royal Assent.

Item 6 of this table provides that Schedule 2 "Application, transitional and savings provisions" Parts 6 to 8 of the Bill (Officeholders, Provisions relating to Division 415 of Income Tax Assessment Act 1997 and Miscellaneous respectively) are to commence at the same time as the provisions(s) covered by table item 2.

Clause 3: Schedules

Clause 3 is intended to outline the effect of the Schedules to the Bill. Each Schedule would amend or repeal the Act(s) specified in that Schedule as provided by the items of the Schedule. Any other item in a Schedule has effect according to its terms.