Financial Framework Legislation Amendment Act 2010 (148 of 2010)

Schedule 5   Amendment of the Commonwealth Authorities and Companies Act 1997

10   After Part 3

Insert:

Part 3A - Interjurisdictional authorities

33A Interjurisdictional authorities

(1) The regulations may prescribe:

(a) a Commonwealth authority to be an interjurisdictional authority for the purposes of this section; and

(b) persons who comprise an interjurisdictional authority (including directors and employees, for example); and

(c) a Minister of a State, the Australian Capital Territory, or the Northern Territory to be a State/Territory Minister for an interjurisdictional authority.

(2) The regulations may provide for the following:

(a) the directors of an interjurisdictional authority to give an interim report, for a period mentioned in subsection 13(1), to a State/Territory Minister;

(b) the directors of an interjurisdictional authority to give written particulars of a proposal mentioned in subsection 15(1) to a State/Territory Minister;

(c) a State/Territory Minister to give written guidelines under subsection 15(2) to the directors of an interjurisdictional authority;

(d) the directors of an interjurisdictional authority:

(i) to keep a State/Territory Minister informed of the operations of the authority and its subsidiaries; or

(ii) to give a State/Territory Minister the reports, documents and information in relation to those operations that the State/Territory Minister requires, within the time limits set by the State/Territory Minister;

(e) the application of section 27A, with necessary modifications, to an officer or employee of a State or Territory;

(f) anything that is necessary or convenient to be prescribed to give effect to paragraphs (a) to (e).