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THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
HOUSE OF REPRESENTATIVES
AUSTRALIAN RESEARCH COUNCIL AMENDMENT BILL (No.2) 2010
EXPLANATORY MEMORANDUM
(Circulated by authority of the Minister for Innovation, Industry, Science and Research,
Senator the Honourable Kim Carr)
AUSTRALIAN RESEARCH COUNCIL AMENDMENT BILL (No.2) 2010
GENERAL OUTLINE
The purpose of the Australian Research Council Amendment Bill (No.2) 2010 (the Bill) is to
apply indexation against existing schemes and add the last year of the forward budget
estimates.
Specifically the Bill will alter three existing financial year funding figures for indexation and
extend the forward estimate period to include the financial year starting on 1 July 2013,
resulting in additional spending of $824.637 million over the four financial years.
Bills to amend the ARC Act to receive administered funding must occur each financial year
to apply indexation to existing appropriation amounts and add the last year of the forward
budget estimates. The proposed amendments only impact on administered special
appropriation; they do not alter the substance of the Act or increase departmental funds.
FINANCIAL IMPACT STATEMENT
By adding an extra outyear to the forward estimates and updating indexation, the Bill will
increase spending by approximately $824.637 million over four financial years.
NOTES ON CLAUSES
Clause 1 - Short Title
This clause provides for the Bill, once enacted, to be cited as the Australian Research
Council Amendment Act (No.2) 2010.
Clause 2 - Commencement
This clause specifies the commencement date for the Bill. This means that the proposed
amendments set out in Schedule 1 will commence on the day the Bill, once enacted, receives
the Royal Assent.
Clause 3 Schedules(s)
Clause 3 provides that the proposed amendments to any Act specified in Schedule 1 to the
Bill, and any other items in a Schedule, are amended or repealed as set out in the applicable
items in the Schedule concerned. Any item in a schedule to this Act has effect according to its
terms.
SCHEDULE 1 - AMENDMENTS
Item 1 - At the end of Subsection 48(2)
The proposed amendment in Item 1 provides for a new paragraph (j) at the end of subsection
48(2).
The proposed amendment makes reference to a new financial year of financial information,
commencing 1 July 2013.
Item 2 - Paragraph 49(k), (l), (m) and (n)
The proposed amendment in Item 2 provides for the repeal of current paragraphs 49(k), (l),
and (m) of the Australian Research Council Act 2001.
In place of the repealed paragraphs 49(j), (k), and (l), new paragraphs 49(k), (l), (m) and (n)
are substituted.