Contents

Part 1--Preliminary                                                                                                                1

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

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

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

5............ Operation of Act ................................................................................ 3

6............ Modification of Act--references to Companies Act 1981 ................. 3

Part 2--Creation of capital structure and other steps prior to conversion of Company into public company                                                                                                                                         4

7............ Share capital of Company .................................................................. 4

8............ Issue of shares in Company ............................................................... 4

9............ New name of Company ...................................................................... 5

10.......... Company to apply to be registered as company etc. ......................... 5

Part 3--Conversion of Company into a public company                                    7

11.......... Effect of Part--summary ................................................................... 7

12.......... Company taken to be registered under Companies Act ..................... 7

13.......... Memorandum and Articles of Company ............................................ 8

14.......... Membership of Company .................................................................. 8

16.......... Accounting records ............................................................................. 8

17.......... Accounts ............................................................................................. 9

18.......... Operation of section 25B of the Acts Interpretation Act .................. 9

Part 6--Staff matters                                                                                                           10

29.......... Employment of staff members continues after transition ................ 10

30.......... Act not to affect certain matters relating to staff members .............. 10

31.......... Effect of sections 29 and 30 ............................................................. 11

32.......... Variation of terms and conditions of employment ........................... 11

Part 8--Miscellaneous                                                                                                        12

40.......... Judicial notice of Company's seal .................................................... 12

48.......... Regulations ....................................................................................... 12

Part 9--Amendments of the Superannuation Act 1976                                    13

Sections 49 to 64 ............................................................................................. 13

Part 10--Amendments of the Superannuation Act 1990                                 14

Sections 65 to 69 ............................................................................................. 14

Notes                                                                                                                                             15

An Act relating to the constitution of the Superannuation Fund Investment Trust as a public company providing investment services on a commercial basis to the public and private sector, and for related purposes

  

Notes to the Commonwealth Funds Management Limited Act 1990

Note 1

The Commonwealth Funds Management Limited Act 1990 as shown in this compilation comprises Act No. 13, 1991 amended as indicated in the Tables below.

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Commonwealth Funds Management Limited Act 1990	13, 1991	21 Jan 1991	Part 1 (ss. 1-6) and s. 48: Royal Assent Part 2 (ss. 7-10), Parts 4 and 5 (ss. 19-28): 1 Mar 1991 Ss. 50(2) and 55: (see  s. 2(6)) Remainder: 1 July 1991
CFM Sale Act 1996	58, 1996	20 Nov 1996	Sections 13-19, 62 and Schedule 1 (item 10): Royal Assent (a) Schedule 1 (items 1, 2, 5-9, 11): 23 Dec 1996 (see Gazette 1996, No. S515) (a) Schedule 1 (items 3, 4): (a)	Ss. 13-19 and 62
Income Tax (Consequential Amendments) Act 1997	39, 1997	17 Apr 1997	1 July 1997	--
as amended by
Statute Law Revision Act 2002	63, 2002	3 July 2002	Schedule 2 (items 13, 14): (b)	--
Audit (Transitional and Miscellaneous) Amendment Act 1997	152, 1997	24 Oct 1997	Schedule 3 (item 10): (c)	--
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	Ss. 4-14 and Schedule 3 (items 127-130): 15 July 2001 (see Gazette 2001, No. S285) (d)	Ss. 4-14 [see Note 1]
Financial Framework Legislation Amendment Act 2010	148, 2010	17 Dec 2010	Schedule 11 (item 11): 18 Dec 2010	--

(a)     The Commonwealth Funds Management Limited Act 1990 was amended by Schedule 1 (items 1-11) only of the CFM Sale Act 1996, 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)   Items 3 and 4 of Schedule 1 are taken to have commenced immediately after the commencement of Part 2 of the Commonwealth Funds Management Limited Act 1990.

         Part 2 commenced on 1 March 1991.

                 (3)   Subject to subsection (4), items 1, 2, 5, 6, 7, 8, 9 and 11 of Schedule 1 commence on a day or days to be fixed by Proclamation.

(b)    The Income Tax (Consequential Amendments) Act 1997 was amended by Schedule 2 (items 13 and 14) only of the Statute Law Revision Act 2002 , subsection 2(1) (items 42 and 43) of which provides as follows:

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
42. Schedule 2, item 13	Immediately after the time specified in the Income Tax (Consequential Amendments) Act 1997 for the commencement of item 53 of Schedule 3 to that Act	1 July 1997
43.  Schedule 2, item 14	Immediately after the time specified in the Income Tax (Consequential Amendments) Act 1997 for the commencement of item 53 of Schedule 3 to that Act	1 July 1997

(c)     The Commonwealth Funds Management Limited Act 1990 was amended by Schedule 3 (item 10) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(3)(e) of which provide as follows:

                              (e)   the amendment of the Commonwealth Funds Management Limited Act 1990 commences, or is taken to have commenced, on the sale day as defined in subsection 3(1) of the CFM Sale Act 1996;

         The sale day occurred on 23 December 1996 (see Gazette 1997, No. S8).

(d)     The Commonwealth Funds Management Limited Act 1990 was amended by Schedule 3 (items 127-130) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:

                 (3)   Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected		How affected
	Part 1
	S. 3 .....................................	am. No. 58, 1996; No. 55, 2001
	S. 4 .....................................	rep. No. 58, 1996
	Part 2
	S. 7 .....................................	am. No. 58, 1996; No. 55, 2001; No. 148, 2010
	S. 8 .....................................	am. No. 55, 2001; No. 148, 2010
	Part 3
	S. 15 ...................................	rep. No. 58, 1996
	S. 18 ...................................	am. No. 55, 2001
	Part 4 ..................................	rep. No. 58, 1996
	Ss. 19-24 ...........................	rep. No. 58, 1996
	Part 5 ..................................	rep. No. 58, 1996
	Ss. 25-27 ...........................	rep. No. 58, 1996
	S. 28 ...................................	rep. No. 58, 1996
	Part 6
	Ss. 33, 34 ...........................	rep. No. 58, 1996
	Part 7 ..................................	rep. No. 58, 1996
	Ss. 35-38 ...........................	rep. No. 58, 1996
	S. 39 ...................................	rep. No. 58, 1996
	Part 8
	Ss. 41-44 ...........................	rep. No. 58, 1996
	S. 45 ...................................	rep. No. 152, 1997
	Ss. 46, 47 ...........................	rep. No. 58, 1996
	S. 48 ...................................	am. No. 58, 1996