House of Representatives
Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009
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1.3 Each Act that is specified in a Schedule to the Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to the Act has effect according to its terms.