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FINANCIAL SECTOR REFORM (VICTORIA) ACT 1999 - NOTES

Version No. 022

No. 37 of 1999
Version incorporating amendments as at
1 August 2015

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Version No. 022

Financial Sector Reform (Victoria) Act 1999

No. 37 of 1999
Version incorporating amendments as at
1 August 2015

Endnotes

    1     General information

See www.legislation.vic.gov.au for Victorian Bills, Acts and current Versions of legislation and up-to-date legislative information.

Minister's second reading speech—

Legislative Assembly: 22 April 1999

Legislative Council: 25 May 1999

The long title for the Bill for this Act was "A Bill to make provision for the reform of the financial sector, to amend and repeal the Financial Institutions (Victoria) Act 1992 and the Friendly Societies (Victoria) Act 1996 and to amend the Co-operative Housing Societies Act 1958 and certain other Acts and for other purposes."

The Financial Sector Reform (Victoria) Act 1999 was assented to on 8 June 1999 and came into operation as follows:

Part 1 (sections 14), Part 6 Division 2 Subdivisions 2–4 (sections 2328), Part 6 Division 3 Subdivisions 1–4 (sections 3139), sections 47, 48, 57 on 8 June 1999: section 2(1); rest of Act (except section 20, Schedule 1, Schedule 3 item 4) on 1 July 1999: Special Gazette (No. 97) 30 June 1999 page 2; section 20 on 1 November 2000: Government Gazette 19 October 2000 page 2521; Schedule 3 item 4 never proclaimed, repealed by No. 74/2000 section 3 (Schedule 1 item 47.3); Schedule 1 on 15 June 2001: Government Gazette 14 June 2001 page 1273.

INTERPRETATION OF LEGISLATION ACT 1984 (ILA)

Style changes

Section 54A of the ILA authorises the making of the style changes set out in Schedule 1 to that Act.

References to ILA s. 39B

Sidenotes which cite ILA s. 39B refer to section 39B of the ILA which provides that where an undivided section or clause of a Schedule is amended by the insertion of one or more subsections or subclauses, the original section or clause becomes subsection or subclause (1) and is amended by the insertion of the expression "(1)" at the beginning of the original section or clause.

Interpretation

As from 1 January 2001, amendments to section 36 of the ILA have the following effects:

•     Headings

All headings included in an Act which is passed on or after 1 January 2001 form part of that Act. Any heading inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, forms part of that Act. This includes headings to Parts, Divisions or Subdivisions in a Schedule; sections; clauses; items; tables; columns; examples; diagrams; notes or forms. See section 36(1A)(2A).

•     Examples, diagrams or notes

All examples, diagrams or notes included in an Act which is passed on or after 1 January 2001 form part of that Act. Any examples, diagrams or notes inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, form part of that Act. See section 36(3A).

•     Punctuation

All punctuation included in an Act which is passed on or after 1 January 2001 forms part of that Act. Any punctuation inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, forms part of that Act. See section 36(3B).

•     Provision numbers

All provision numbers included in an Act form part of that Act, whether inserted in the Act before, on or after 1 January 2001. Provision numbers include section numbers, subsection numbers, paragraphs and subparagraphs. See section 36(3C).

•     Location of "legislative items"

A "legislative item" is a penalty, an example or a note. As from 13 October 2004, a legislative item relating to a provision of an Act is taken to be at the foot of that provision even if it is preceded or followed by another legislative item that relates to that provision. For example, if a penalty at the foot of a provision is followed by a note, both of these legislative items will be regarded as being at the foot of that provision. See section 36B.

•     Other material

Any explanatory memorandum, table of provisions, endnotes, index and other material printed after the Endnotes does not form part of an Act.
See section 36(3)(3D)(3E).

    2     Table of Amendments

This publication incorporates amendments made to the Financial Sector Reform (Victoria) Act 1999 by Acts and subordinate instruments.

–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Audit (Amendment) Act 1999, No. 53/1999

Assent Date:

14.12.99

Commencement Date:

S. 26(Sch. item 11) on 1.1.00: Government Gazette 23.12.99 p. 2764

Current State:

This information relates only to the provision/s amending the Financial Sector Reform (Victoria) Act 1999

Statute Law Revision Act 2000, No. 74/2000

Assent Date:

21.11.00

Commencement Date:

S. 3(Sch. 1 item 47) on 22.11.00: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Sector Reform (Victoria) Act 1999

Benefit Associations (Repeal) Act 2001, No. 17/2001

Assent Date:

29.5.01

Commencement Date:

30.5.01: s. 2

Current State:

All of Act in operation

Corporations (Consequential Amendments) Act 2001, No. 44/2001

Assent Date:

27.6.01

Commencement Date:

S. 3(Sch. item 44) on 15.7.01: s. 2

Current State:

This information relates only to the provision/s amending the Financial Sector Reform (Victoria) Act 1999

Statute Law Revision Act 2007, No. 28/2007

Assent Date:

26.6.07

Commencement Date:

S. 3(Sch. item 25) on 27.6.07: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Sector Reform (Victoria) Act 1999

Duties Amendment (Landholder) Act 2012, No. 38/2012

Assent Date:

27.6.12

Commencement Date:

Ss 2629 on 1.7.12: s. 2

Current State:

This information relates only to the provision/s amending the Financial Sector Reform (Victoria) Act 1999

Statute Law Revision Act 2015, No. 21/2015

Assent Date:

1.8.15

Commencement Date:

S. 3(Sch. 1 item 21) on 1.8.15: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Sector Reform (Victoria) Act 1999

–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

    3     Amendments Not in Operation

Not updated for this publication.

    4     Explanatory details


[1] S. 5(1): See regulation 4 of the Corporations (Ancillary Provisions) Regulations 2001, S.R. No. 63/2001.

[2] S. 5(3): See note 1.

[3] S. 5(4): See note 1.

[4] S. 14(3): See note 1.

[5] S. 43(3)(b): See note 1.

[6] S. 44(3)(b): See note 1.

[7] S. 44(3)(c): See note 1.

[8] S. 45(3)(b): See note 1.

[9] S. 48(5) def. of building society: See note 1.



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