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REMUNERATION TRIBUNAL (MISCELLANEOUS PROVISIONS) REGULATIONS (AMENDMENT) 1994 NO. 184

REMUNERATION TRIBUNAL (MISCELLANEOUS PROVISIONS) REGULATIONS (AMENDMENT) 1994 NO. 184

EXPLANATORY STATEMENT

Statutory Rules 1994 No. 184

Issued by the Authority of the Minister for Industrial Relations

Remuneration Tribunal Act 1973

Remuneration Tribunal (Miscellaneous Provisions) Regulations (Amendment)

Section 13 of the Remuneration Tribunal Act 1973 (the Act) provides that the GovernorGeneral may make regulations for the purposes of the Act. The regulations amend the Remuneration Tribunal (Miscellaneous Provisions) Regulations (the Principal Regulations) made pursuant to the Act.

Section 5 of the Act provides that one of the functions of the Remuneration Tribunal is to provide advice to Government Business Enterprises in relation to terms and conditions (including remuneration and allowances) on which principal executive offices are held. Principal executive offices are offices declared by the Principal Regulations. The Chief Executive Officer of the Commonwealth Serum Laboratories is declared by the Principal Regulations.

Once CSL Limited has been sold, the requirement to advise will not be appropriate and the references to the Chief Executive Officer of Commonwealth Serum Laboratories Limited in the Remuneration Tribunal (Miscellaneous Provisions) Regulations should accordingly be omitted.

To this end the regulations amend the Principal Regulations to remove the reference "Chief Executive of Commonwealth Serum Laboratories Limited" from Schedule 1.

The commencement of the regulations is tied to the declaration of the sale day under section 4 of the CSL Sale Act 1993. The "sale day" is that day which the Minister for Finance, pursuant to section 4 of the M Sale Act 1993, declares to be, "the first day ... on which a majority of the voting shares in CSL are acquired by a person, or persons, other than the Commonwealth or a nominee of the Commonwealth." Retrospective operation of the regulations is allowed by section 48 of the CSL Sale Act 1993 and section 48 of the Acts Interpretation Act 1901.

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