Commonwealth Numbered Acts

FINANCIAL FRAMEWORK LEGISLATION AMENDMENT ACT (NO. 1) 2011 (NO. 89, 2011) - SCHEDULE 8

1  Subsection 31G(1)

Repeal the subsection, substitute:

             (1)  The Corporation must cause a copy of an annual operational plan prepared under section 31F to be given to the Minister:

                     (a)  at least 2 months before the start of the period to which the plan relates; or

                     (b)  by such later time (whether before or after the start of the period to which the plan relates) as the Minister, in exceptional circumstances, allows.

2  Clause 5 of the Schedule

Repeal the clause, substitute:

5   Term of office

                   A member holds office for the period specified in the instrument of appointment. The period must not exceed 3 years.

3  Application of amendment made by item 2

The amendment made by item 2 of this Schedule applies in relation to the appointment of a member made after the commencement of that item.