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FINANCIAL FRAMEWORK LEGISLATION AMENDMENT ACT (NO. 2) 2013 (NO. 53, 2013) - SCHEDULE 2

Amendments of regulations

   

Financial Management and Accountability Regulations 1997

1  After regulation 22AA

Insert:

22AB   Supplementary powers to form companies etc. (Act s39B)

             (1)  For subparagraphs 39B(1)(b)(i) and (2)(b)(i) of the Act, each item of Schedule 1B specifies a company.

             (2)  For subparagraphs 39B(1)(b)(ii) and (2)(b)(ii) of the Act, each item of Schedule 1B specifies objects or proposed activities of the company specified in the item.

2  After Schedule 1A

Insert:

Schedule 1B -- Companies and objects or proposed activities

Note:       See regulation 22AB.

   

 

Companies and objects or proposed activities

Item

Company

Objects or proposed activities

1

NBN Co Limited

To roll out, operate and maintain a wholesale-only national broadband network.

2

Low Carbon Australia Limited

To act for public charitable purposes including the principal purpose of preserving and enhancing the Australian natural environment by supporting households, business and non-government and government organisations take action to increase energy efficiency and reduce carbon emissions.

3

AAF Company

To:

(a) take over the management and trusteeship of the funds and other assets and liabilities of the unincorporated fund known as the "Army Amenities Fund" and be manager and trustee of that fund in place of the trustees in place as at the date and time immediately prior to the incorporation of the Company; and

(b) promote and support the objects of the Army Amenities Fund which are to provide amenities for members of the Australian Army.

4

Australian Strategic Policy Institute Limited

To function as a strategic policy research centre, independent of Government, providing policy-relevant research and analysis to better inform Government decisions and public understanding of defence and strategic issues.

5

RAAF Welfare Recreational Company

To:

(a) provide access to discounted recreational accommodation for RAAF members, their families and other eligible persons; and

(b) manage and promote RAAF Welfare Recreational Company owned recreational facilities for RAAF members, their families and other eligible persons; and

(c) provide financial support to, and assist in the provision of, recreational facilities and services to RAAF members.

6

Australian Institute for Teaching and School Leadership Limited

To provide national leadership for the Commonwealth, state and territory governments in promoting excellence in the profession of teaching and school leadership.

7

Aboriginal Hostels Limited

To provide and facilitate accommodation and related services to Indigenous Australians.

8

Outback Stores Pty Ltd

To:

(a) improve access to affordable healthy food for Indigenous communities; and

(b) provide store management and support services to Indigenous communities.

9

Australian River Co Limited

To manage the residual legal and insurance matters of the sale of the company's coastal vessels.

10

ASC Pty Ltd

To safely build and maintain Australia's frontline naval ships and submarines.

11

Medibank Private Limited

To operate as a private health insurer and engage in related activities.

12

Moorebank Intermodal Company Limited

To facilitate the development and operation of an intermodal freight terminal at Moorebank, New South Wales.

13

Aged Care Standards and Accreditation Agency

To:

(a) manage and carry out the accreditation process for residential aged care services in accordance with the Aged Care Act 1997 and the accreditation standards set out in the Quality of Care principles; and

(b) promote high quality residential aged care; and

(c) help industry to improve residential aged care quality by identifying best practice and providing information, education and training to industry.

14

General Practice Education and Training Limited

To ensure high quality general practice education and training across Australia that is responsive to the existing and changing needs of the community and individual sections of the community.

15

IIF Investments Pty Ltd

To invest in IIF licensed funds as defined in the IIF program, Policies and Practices Direction No. 1 of 1997.

16

Australian Rail Track Corporation Limited

To:

(a) provide seamless and efficient access to users of the interstate rail network; and

(b) improve interstate rail infrastructure; and

(c) encourage uniformity in access, technical, operating and safe working procedures.

17

National Australia Day Council Limited

To:

(a) inspire national pride and spirit to enrich the life of the nation by working with and for the people of Australia to unite all Australians in celebration with a focus on Australia Day; and

(b) promote the meaning of Australia Day; and

(c) promote good citizenship, values and achievement by recognising excellence and service to communities and the nation.

18

Australia Business Arts Foundation Ltd

To promote and develop Australian culture and links between Australian culture and the humanities in Australia, particularly in a manner which affects or involves as many Australians as possible.

19

Australian Sports Foundation Limited

To assist community organisations to raise funds for the development of Australian sport.

20

Bundanon Trust

To:

(a) establish and maintain at "Bundanon" a permanent home for the retention and display of art works of the Trust; and

(b) establish and maintain a public art gallery, a venue for music, dance and performance works and a creative and working art environment; and

(c) promote education in the arts.



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