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TELECOMMUNICATIONS LEGISLATION AMENDMENT (PROTECTING SERVICES FOR RURAL AND REGIONAL AUSTRALIA INTO THE FUTURE) BILL 2007

2004-2005-2006-2007

The Parliament of the
Commonwealth of Australia

HOUSE OF REPRESENTATIVES


Presented and read a first time



Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Bill 2007

No. , 2007

(Communications, Information Technology and the Arts)

A Bill for an Act to amend the Telecommunications (Consumer Protection and Service Standards) Act 1999, and for related purposes



Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Bill 2007 No. , 2007

Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Bill 2007 No. , 2007
Contents

 

1 Short title 1

 

2 Commencement 1

 

3 Schedule(s) 2
Schedule 1--Amendment 3
Telecommunications (Consumer Protection and Service Standards) Act 1999 3




Amendment Schedule 1



Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Bill 2007 No. , 2007

Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Bill 2007 No. , 2007

Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Bill 2007 No. , 2007
A Bill for an Act to amend the Telecommunications (Consumer Protection and Service Standards) Act 1999, and for related purposes
The Parliament of Australia enacts:

 

1 Short title

This Act may be cited as the Telecommunications Legislation Amendment (Protecting Services for Rural and Regional Australia into the Future) Act 2007.

 

2 Commencement

This Act commences on the day after it receives the Royal Assent.

 

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.


Schedule 1--Amendment

Telecommunications (Consumer Protection and Service Standards) Act 1999

 

1 After section 158ZJ
Insert:

 

158ZJA Balance of the Fund must not fall below $2 billion

The Minister must take all reasonable steps to ensure that the sum of:

        (a)   amounts standing to the credit of the Fund Account; and

        (b)   the value of investments of the Fund;
does not fall below $2 billion.

 


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