Revised Explanatory Memorandum
(Circulated by authority of the Attorney-General, the Honourable Christian Porter MP)SCHEDULE 5 - FOREIGN INFLUENCE TRANSPARENCY SCHEME
General outline
1815. The usual practice is to not have amending Schedules at the ends of Bill that establish new Principal Acts. In accordance with this practice, Schedule 5 has been included in this amending Bill rather than as a schedule to the Foreign Influence Transparency Scheme Bill 2017.
1816. Clause 2 provides Part 1 of Schedule 5 will commence at the same time as the Foreign Influence Transparency Scheme Act 2017 commences. If that Act does not commence, then that Part will not commence at all.
1817. Clause 2 also provides that Part 2 of Schedule 5 will commence immediately after the commencement of the Foreign Influence Transparency Scheme Act 2017, or immediately after the commencement of Part 1 of Schedule 1 to the Electoral Legislation Amendment (Electoral Funding and Disclosure Reform) Act 2017, whichever is the later to occur. If either Act does not commence, then Part 2 of Schedule 5 will not commence.