Payment Times Reporting Act 2020

PART 6 - MISCELLANEOUS  

Division 1 - Introduction  

SECTION 47   SIMPLIFIED OUTLINE OF THIS PART  

This Part deals with miscellaneous matters, such as the review of decisions, the continuation of certain obligations for former reporting entities and former reporting nominees, delegations by the Minister, annual reporting, a statutory review and the power to make rules.

This Part also provides for obligations and conduct of entities that do not have legal personality to be attributed to legal persons.

Note:

See section 97 of the Regulatory Powers Act in relation to civil penalty provisions contravened by employees, agents or officers of bodies corporate.

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History

S 47 amended by No 65 of 2024, s 3 and Sch 1 items 67 and 68, by substituting " This Part deals with miscellaneous matters, such as the review of decisions, the continuation of certain obligations for former reporting entities and former reporting nominees, delegations by the Minister, annual reporting, a statutory review and the power to make rules. " for " This Part deals with miscellaneous matters, such as the review of decisions, the continuation of certain obligations for former reporting entities, annual reporting, a statutory review and the power to make rules. " and omitting " In addition, this Part provides that certain entities are taken to have become reporting entities before the commencement day, with their first reporting periods starting on or after the commencement day. It also provides for further time after the commencement day for entities to voluntarily elect to become reporting entities. " , effective 7 September 2024. For application and transitional provisions, see note under s 3 .

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