Explanatory MemorandumCirculated By the Authority of the Minister for Financial Services, Superannuation and Corporate Law, the Hon Chris Bowen Mp
Chapter 1 : Introduction
Clause 1: Short title
1.1 The Act may be cited as the Corporations Amendment (Improving Accountability on Termination Payments) Act 2009.
Clause 2: Commencement
1.2 Each provision of the Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
|Column 1||Column 2||Column 3|
|1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table||The day on which this Act receives the Royal Assent.|
|2. Schedule 1, Part 1||The day after this Act receives the Royal Assent.|
|3. Schedule 1, Part 2||Immediately after the provision(s) covered by table item 2.|
|4. Schedule 1, Part 3||The day after this Act receives the Royal Assent.|
1.3 Each Act that is specified in a Schedule to the Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to the Act has effect according to its terms.