Commonwealth Consolidated Acts

CFM SALE ACT 1996

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title [ see Note 1]  
   2.      Commencement [ see Note 1]  
   3.      Definitions  

   PART 2--TRANSFER--OF CFM SUBSIDIARIES TO THE COMMONWEALTH

   5.      What this Part is about  

           Division 1--Subsidiaries

   6.      Subsidiaries to be established  
   7.      CFM to transfer shares in subsidiaries to the Commonwealth  
   8.      Exemption from stamp duty and other taxes  

           Division 2--Staff

   9.      Transfer of staff from CFM  
   10.     Terms and conditions of transferred employees  
   11.     Variation of terms and conditions of employment  
   12.     Statement of accrued benefits  

           Division 3--Application of the Commonwealth Funds Management Limited Act 1990

   13.     Application of the Commonwealth Funds Management Limited Act 1990  
   14.     Application of section 4  
   15.     Application of section 15  
   16.     Application of Part 4  
   17.     Application of section 33  
   18.     Application of section 34  
   19.     Application of Part 8  

           Division 4--Application of other legislation

   20.     Approved authority-- Superannuation Act 1976  
   21.     Approved authority-- Superannuation Act 1990  
   22.     Commonwealth authority-- Safety, Rehabilitation and Compensation Act 1988  
   23.     Public authority of the Commonwealth-- Long Service Leave (Commonwealth Employees) Act 1976  

   PART 3--SALEOF--CFM BODIES

   24.     What this Part is about  

           Division 1--Preliminary

   25.     Sale day for CFM  
   26.     Sale day for transferred body  

           Division 2--Long service leave

   27.     What this Division is about  

              Subdivision 2A--Preliminary

   28.     Definitions  
   29.     References to Long Service Leave Act  
   30.     Division not to affect an employee's post - sale long service leave rights  

              Subdivision 2B--Long service leave for employees who attain at least 10 years service

   31.     What this Subdivision is about  
   32.     Employees who attain 10 years service  
   33.     Employees reaching minimum retiring age or being retrenched  
   34.     Rate of salary  

              Subdivision 2C--Payments in lieu of long service leave

   35.     What this Subdivision is about  
   36.     Employees who attain 10 years service  
   37.     Employees reaching minimum retiring age or being retrenched  
   38.     Employee stops employment because of ill - health  
   39.     Employee may request non - payment or reduced payment  
   40.     Rate of salary  

              Subdivision 2D--Payments on the death of an employee

   41.     What this Subdivision is about  
   42.     Payments on death of an employee  

              Subdivision 2E--Long service leave credit

   43.     Employee's long service leave credit for the purposes of Subdivisions 2B and 2C  

              Subdivision 2F--Saving: Long Service Leave Act

   44.     Saving--Accrued rights under the Long Service Leave Act  

           Division 3--Superannuation

   45.     What this Division is about  
   46.     Deferred benefits under the Defence Force Retirement and Death Benefits Act 1973  
   47.     Period of eligible employment for the purposes of Division 3 of Part IX of the Defence Force Retirement and Death Benefits Act 1973  
   48.     Continuing application of the Crimes (Superannuation Benefits) Act 1989  

           Division 4--Safety, Rehabilitation and Compensation Act 1988

   49.     What this Division is about  
   50.     Definitions  
   51.     Continued application of the Safety, Rehabilitation and Compensation Act 1988  
   52.     Continued application to certain employees  
   53.     Transitional provisions relating to Division 4A of Part VII  
   54.     Relevant employer and co - operation with the Commonwealth  
   55.     Notification of amount of salary paid to employees of a CFM body  

           Division 5--Occupational Health and Safety (Commonwealth Employment) Act 1991

   56.     Refund of contribution paid under the Occupational Health and Safety (Commonwealth Employment) Act 1991  

           Division 6--Mobility rights

   57.     Cessation of mobility rights  

           Division 7--Prosecutions

   58.     Continuing application of the Director of Public Prosecutions Act 1983  

           Division 8--Imputation

   59.     Franking account surpluses reduced to nil  

           Division 9--Miscellaneous

   60.     CFM body not to be an agency of the Commonwealth etc.  
   61.     Regulations connected with the sale of a CFM body  
   62.     Certain provisions of the Commonwealth Funds Management Limited Act 1990 cease to apply to CFM bodies  

   PART 4--TRANSFER--OF ASSETS, LIABILITIES, RIGHTS AND OBLIGATIONS OF CFM BODIES

   63.     What this Part is about  

           Division 1--Preliminary

   64.     Definitions  

           Division 2--Transfer of assets

   65.     Transfer of assets  
   66.     References to CFM body in instruments relating to transferred assets  
   67.     Transferees are successors in law of CFM body  

           Division 3--Transfer of rights and obligations

   68.     Transfer of rights and obligations  
   69.     References to CFM body in instruments relating to transferred rights and obligations  
   70.     Transferees are successors in law of CFM body  

           Division 4--Transfer of liabilities

   71.     Transfer of liabilities  
   72.     References to CFM body in instruments relating to transferred liabilities  
   73.     Transferees are successors in law of CFM body  

           Division 5--Tax exemption and income tax treatment

   74.     Exemption from stamp duty and other taxes  
   75.     Application of the Income Tax Assessment Act 1936 in relation to certain transfers  

           Division 6--Miscellaneous

   76.     Transfers of CFM land may be registered  
   77.     Lands Acquisition Act 1989 does not apply to this Part  
   78.     Certificates in relation to assets other than land  

   PART 5--MISCELLANEOUS

   79.     Compensation--constitutional safety net  
   80.     Operation of this Act does not place a person in breach of contract etc.  
   81.     Commonwealth records  
   82.     Regulations  
   4.      Saving of matters in Part 2 of Schedule 1