Commonwealth Numbered Acts

FINANCIAL LEGISLATION AMENDMENT ACT 1992 No. 11 of 1992 - SECT 9

9. Section 10 of the Principal Act is amended:
(a) by omitting from subsection (3) "The Reserve Bank shall" and substituting
"At any time when the Treasurer's power under subsection (2) is not delegated
under section 22A, the Reserve Bank must";

   (b)  by omitting from subsection (5) "a copy of any variation of the list"
        and substituting ", if a variation of the list is made before
        subsection (5D) commences, a copy of the variation";

   (c)  by inserting after subsection (5) the following subsections:

"(5A) If, after this subsection commences, the Treasurer prepares a list under
subsection (1) in substitution for the existing list prepared under that
subsection and any variations made to that list, the Treasurer must give to
the Reserve Bank a copy of the list so prepared and must publish a copy of the
list in such manner and form as the Treasurer determines to be appropriate.

"(5B) At any time when the Treasurer's power under subsection (2) is not
delegated under section 22A, the Treasurer must give to the Reserve Bank a
copy of any variation of the list prepared under subsection (1).

"(5C) At any time when the Treasurer's power under subsection (2) is delegated
under section 22A, the Reserve Bank must give to the Treasurer a copy of any
variation of the list prepared under subsection (1).

"(5D) A variation of the list prepared under subsection (1) must be published
in such manner and form as the Treasurer determines to be appropriate.";

   (d)  by omitting from subsection (7) "shall, after taking into account the
        information or submissions and any advice furnished to him by the
        Reserve Bank in relation to the matter - " and substituting "must,
        after taking into account the information or submissions:";

   (e)  by adding at the end the following subsection:

"(8) At any time when the Treasurer is exercising his or her power under
subsection (7) in relation to a matter, the Treasurer must take into account
any advice given to him or her by the Reserve Bank in relation to the
matter.".