Australian Capital Territory
Financial Management Legislation Amendment Act 2001
No 45 of 2001

An Act to amend the Financial Management Act 1996 and the Territory Superannuation Provision Protection Act 2000

    
    
[Notified in ACT Gazette No. 28: 12 July 2001]
The Legislative Assembly for the Australian Capital Territory enacts as follows:

Part 1	Preliminary
1	Name of Act
This Act is the Financial Management Legislation Amendment Act 2001.
2	Commencement
	This Act commences on a day fixed by the Minister by notice in the Gazette.
Note 1	The naming and commencement provisions automatically commence on its notification day (see Legislation Act 2001, s 75).
Note 2	A single day or time may be fixed, or different days or times may be fixed, for the commencement of different provisions (see Legislation Act 2001, s 77 (1)).
Note 3	If a provision has not commenced within 6 months beginning on the notification day, it automatically commences on the first day after that period (see Legislation Act 2001, s 79).

Part 2	Financial Management Act 1996
3	Act amended in pt 2
This part amends the Financial Management Act 1996.	
4	Definitions
Section 3, new definitions
insert
interest includes a dividend and any other financial return on a deposit, loan or other investment.
invest includes enter into a transaction or arrangement for the protection or enhancement of investments.
5	Investment of certain public money
Section 38 (1) (e)
substitute
	(e)	in any investment prescribed under the financial management guidelines for this paragraph.	
6	Part 6, heading
substitute
Part 6	Borrowing and guarantees	
7	Financial derivatives
Section 48
omit
8	Investment
Section 56 (1) (d)
substitute
	(d)	in any investment prescribed under the financial management guidelines for this paragraph.

Part 3	Territory Superannuation Provision Protection Act 2000
9	Act amended in pt 3
This part amends the Territory Superannuation Provision Protection Act 2000.
10	Dictionary, new definition
insert
invest includes enter into a transaction or arrangement for the protection or enhancement of investments.

Endnotes
Acts amended
1	Financial Management Act 1996 republished as in force on 10 November 1999 (Republication No 2).
2	Territory Superannuation Provision Protection Act 2000 republished as in force on 1 August 2000 (Republication No 1).
[Presentation speech made in Assembly on 3 May 2001]

©  Australian Capital Territory 2001