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STRUCTURED FINANCE SUPPORT (CORONAVIRUS ECONOMIC RESPONSE PACKAGE) ACT 2020 (NO. 27, 2020) - NOTES

 

No. 27, 2020

 

 

 

 

 

  

  

  


Contents

Part 1--Preliminary                                                                                                             2

1............ Short title............................................................................................. 2

2............ Commencement................................................................................... 2

3............ Objects of this Act.............................................................................. 2

4............ Simplified outline of this Act.............................................................. 3

5............ Definitions.......................................................................................... 3

6............ Crown to be bound............................................................................. 4

7............ Extension to external Territories.......................................................... 4

8............ Extra-territorial application.................................................................. 4

Part 2--The Structured Finance Support (Coronavirus Economic Response) Fund     5

9............ Simplified outline of this Part.............................................................. 5

10.......... Establishment of the Structured Finance Support (Coronavirus Economic Response) Fund   5

11.......... Establishment of the Structured Finance Support (Coronavirus Economic Response) Fund Special Account         6

12.......... Investments of the Fund...................................................................... 6

13.......... Credits to the Account......................................................................... 7

14.......... Purposes of the Account..................................................................... 7

15.......... Reducing the balance of the Account.................................................. 8

Part 3--Miscellaneous                                                                                                         9

16.......... Simplified outline of this Part.............................................................. 9

17.......... Constitutional limits............................................................................ 9

18.......... Delegations by the Minister................................................................ 9

19.......... Annual report.................................................................................... 11

20.......... Rules................................................................................................. 11

 


Commonwealth Coat of Arms of Australia

 

 

Structured Finance Support (Coronavirus Economic Response Package) Act 2020

No. 27, 2020

 

 

 

An Act to establish the Structured Finance Support (Coronavirus Economic Response) Fund, and for related purposes

[Assented to 24 March 2020]

The Parliament of Australia enacts:

  

 

[Minister's second reading speech made in--

House of Representatives on 23 March 2020

Senate on 23 March 2020]

(42/20)

 


 



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