Commonwealth Numbered Acts

AUSTRALIAN TRADE COMMISSION (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1985 No. 187 of 1985 - SECT 9

9. (1) Notwithstanding the repeal of the Projects Corporation Act effected by
section 5 of this Act, the Board, as constituted immediately before the
commencing day, shall, for the purposes of preparing and furnishing to the
Minister the report and the financial statements referred to in sub-section
(2), continue in existence until it has furnished that report and those
financial statements.

(2) The Board shall, as soon as practicable after the commencing day, prepare
and furnish to the Minister a report of the operations of the Projects
Corporation during the period that commenced on 1 July 1985 and ended
immediately before the commencing day together with financial statements in
respect of that period in such form as the Minister for Finance approves and
sub-sections 47 (2), (3) and (4) of the Projects Corporation Act apply, in
respect of that report and those financial statements, as if -

   (a)  those sub-sections had not been repealed;

   (b)  that report and those financial statements had been prepared and
        furnished under sub-section 47(1) of the Projects Corporation Act; and

   (c)  the period to which that report and those financial statements relate
        were a year that ended on 30 June.

(3) The Commission shall, during the period during which the Board continues
in existence by virtue of sub-section (1), pay to the members of the Board,
other than a member of the Board who is Managing Director or Deputy Managing
Director of the Commission or who is employed by the Commission, in respect of
the preparation of the report and the financial statements referred to in
sub-section (2), such remuneration and allowances as the Minister, by notice
in writing given to the Commission, determines to be appropriate.
(4) In this section, unless the contrary intention appears, "Board" means the
Australian Overseas Projects Corporation Board that was established by section
11 of the Projects Corporation Act.