Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 55C

  (1)   Before making or amending reporting rules, the nominated Minister must:

  (a)   send the draft reporting rules or amendments to the Board; and

  (b)   invite the Board to make a submission to the nominated Minister on the draft reporting rules or amendments, as the case may be, within a time limit specified by the nominated Minister; and

  (c)   consider any submission that is received from the Board within that time limit.

  (2)   If:

  (a)   the nominated Minister makes or amends reporting rules; and

  (b)   the Board made a submission to the nominated Minister on a draft of the reporting rules or amendments, as the case may be, within the time limit specified by the nominated Minister;

the submission is to be tabled in each House of the Parliament with the reporting rules or amendments, as the case may be.

Note:   For tabling of the reporting rules or amendments, see section   38 of the Legislation Act 2003 .

  (3)   A time limit specified under this section must be reasonable.