Commonwealth Numbered Regulations - Explanatory Statements

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REMUNERATION TRIBUNAL (MISCELLANEOUS PROVISIONS) REGULATIONS (AMENDMENT) 1993 NO. 62

Statutory Rules 1993 No. 62

Issued by the Authority of the Minister for Industrial Relations

Remuneration Tribunal Act 1973

Remuneration Tribunal (Miscellaneous Provisions) Regulations (Amendment)

Section 13 of the Remuneration Tribunal Act 1973 (the Act) provides that the GovernorGeneral may make regulations for the purposes of the Act. The attached statutory rules amend the Remuneration Tribunal (Miscellaneous Provisions) Regulations (the Regulations) made pursuant to the Act.

Section 5 of the Act provides that one of the functions of the Remuneration Tribunal is to provide advice to Government business enterprises in relation to terms and conditions (including remuneration and allowances) on which principal executive offices are held. Principal executive offices are offices declared by the regulations, The Chief Executive Offices of both Qantas and Australian Airlines have been declared in the Regulations.

Once any equity in Qantas has been sold, the requirement to advise will not be appropriate and the references to tile Chief Executives of Qantas and Australian Airlines in the Remuneration Tribunal (Miscellaneous Provisions) Regulations should accordingly be omitted.

To this end, these Regulations amend the Regulations to remove the Chief Executives of Australian Airlines and Qantas from Schedule 1.

The commencement of these Regulations is tied to Part 2 of the Schedule to the Qantas Sale Act 1992 which will commence with effect from the sale of a substantial minority of the Commonwealth's equity Interest in Qantas, which occurred on 10 March 1993.