Financial Framework Legislation Amendment Act (No. 2) 2013 (53 of 2013)

Schedule 1   Amendments of Acts

Part 1   Commonwealth companies

Financial Management and Accountability Act 1997

4   Transitional - pre-commencement formation of companies etc.

(1) This item applies to action taken, or purportedly taken, by the Commonwealth before the commencement of this item if, assuming that:

(a) both:

(i) section 39B of the Financial Management and Accountability Act 1997 as amended by this Schedule; and

(ii) the amendments of the Financial Management and Accountability Regulations 1997made by Schedule 2 to this Act;

had been in force when the action was taken or purportedly taken; and

(b) if the name of a company changed after the action was taken or purportedly taken - a reference in Schedule 1B to the Financial Management and Accountability Regulations 1997 to the company under its new name were read as a reference to the company under its former name;

the action would have been authorised by subsection 39B(1) or (2) of the Financial Management and Accountability Act 1997 as amended by this Schedule.

(2) The action has, and is taken to have had, effect, after the commencement of this item, as if it had been taken under subsection 39B(1) or (2), as the case may be, of the Financial Management and Accountability Act 1997 as amended by this Schedule.