House of Representatives
Statute Stocktake (Regulatory and Other Laws) Bill 2009
Explanatory Memorandum
Circulated By the Authority of the Minister for Finance and Deregulation, the Hon Lindsay Tanner MPNotes on Clauses
Clause 1-Short title
4. This clause specifies that the Stocktake Bill may be cited as the Statute Stocktake (Regulatory and Other Laws) Act 2009.
Clause 2-Commencement
5. This clause provides for the commencement of the Act on the day after it receives the Royal Assent.
Clause 3-Schedules
6. This clause specifies that each Act specified in a Schedule to the Act is amended as set out in the applicable items in the relevant Schedule. There are two Schedules to the Act:
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- Schedule 1 contains amendments to 17 Acts.
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- Schedule 2 repeals eight Acts and makes amendments to three other Acts that are consequential on the repeal of two of the Acts. It also deals with matters relevant to the repeal of the Income Tax (Franking Deficit) Act 1987.