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COMMONWEALTH BANK SALE ACT 1995 - NOTES

Act No. 161 of 1995 as amended

This compilation was prepared on 19 April 2011
taking into account amendments up to Act No. 5 of 2011

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra

  

  

  


Contents

Part 1--Preliminary                                                                                                              1

1............ Short title [see Note 1] ........................................................................ 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ....................................................................................... 1

Part 2--Amendments                                                                                                           3

4............ Schedule .............................................................................................. 3

Part 3--Transitional and saving                                                                                    4

Division 1--Safety, Rehabilitation and Compensation Act 1988           4

5............ Interpretation ....................................................................................... 4

6............ SRC Act continues to apply to Commonwealth Bank etc. for certain purposes        4

7............ SRC Act continues to apply for previous injuries etc. ......................... 4

8............ Payment of premiums ......................................................................... 5

9............ Part VIIIA of the SRC Act ................................................................. 5

10.......... Refund of licence fee ........................................................................... 5

11.......... Amendment of declarations ................................................................. 6

12.......... Section 128A of the SRC Act ............................................................. 6

13.......... Notification of amount of salary etc. ................................................... 6

Division 2--Defence Force Retirement and Death Benefits Act 1973 7

14.......... Interpretation ....................................................................................... 7

15.......... Deferred benefits ................................................................................. 7

16.......... Periods of eligible employment ........................................................... 7

Division 3--Miscellaneous                                                                                          8

17.......... Saving previous operation of section 109 of the Commonwealth Banks Act            8

18.......... Application of bad debt provisions of the Income Tax Assessment Act   8

19.......... Regulations ......................................................................................... 8

Part 4--Exemption from certain taxes                                                                    10

20.......... Exemption from certain State and Territory taxes .............................. 10

Schedule--Amendment of Acts                                                                                    12

Notes                                                                                                                                              13


 

Notes to the Commonwealth Bank Sale Act 1995

Note 1

The Commonwealth Bank Sale Act 1995 as shown in this compilation comprises Act No. 161 of 1995 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act

Number
and year

Date
of Assent

Date of commencement

Application, saving or transitional provisions

Commonwealth Bank Sale Act 1995

161, 1995

16 Dec 1995

Ss. 5-19 and Schedule (items 2-11, 13-15,
18-20, 24, 25,
28-30, 32-47,
49-59): 19 July 1996
Schedule (item 12): 22 Nov 1996 (see Gazette 1996 No. S442)
Schedule (item 22): 19 July 1997
Schedule (items 1, 48): 19 July 2006
Remainder: Royal Assent

 

Tax Law Improvement Act (No. 1) 1998

46, 1998

22 June 1998

Schedule 3 (item 21): (a)

S. 4

Public Employment (Consequential and Transitional) Amendment Act 1999

146, 1999

11 Nov 1999

Schedule 1 (item 300): 5 Dec 1999 (see Gazette 1999, No. S584): (b)

--

Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007

154, 2007

24 Sept 2007

Schedule 4 (item 12): Royal Assent

--

Statute Law Revision Act 2011

5, 2011

22 Mar 2011

Schedule 7 (items 36, 37): 19 Apr 2011

--


(a)     The Commonwealth Bank Sale Act 1995 was amended by Schedule 3 (item 21) only of the Tax Law Improvement Act (No. 1) 1998, subsections 2(1)-(3) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (2)   Schedule 2 (except item 3 of it) commences immediately after the commencement of Schedule 1.

                 (3)   Schedule 3 commences immediately after the commencement of Schedule 2 (except item 4 of it).

Schedule 1 commenced on 22 June 1998.

(b)     The Commonwealth Bank Sale Act 1995 was amended by Schedule 1 (item 300) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

                 (1)   In this Act, commencing time means the time when the Public Service Act 1999 commences.

                 (2)   Subject to this section, this Act commences at the commencing time.


Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

Part 3

 

Division 3

 

Heading to s. 18................

am. No. 46, 1998

S. 18....................................

am. No. 46, 1998

S. 19....................................

am. No. 154, 2007

Part 4

 

S. 20....................................

am. No. 146, 1999; No. 5, 2011


Table A

Application, saving or transitional provisions

Tax Law Improvement Act (No. 1) 1998 (No. 46, 1998)

4  Application of amendments

                   An amendment made by an item in a Schedule (except an item in Schedule 1 or in Part 1 of any of Schedules 2 to 8) applies to assessments for the 1998-99 income year and later income years, unless otherwise indicated in the Schedule in which the item appears.


 



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