2010
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)
(Mr Zed Seselja)
Financial Management (Appointments) Amendment Bill 2010

Contents
	Page

	1	Name of Act	2
	2	Commencement	2
	3	Legislation amended	2
	4	New division 9.1A	2
	5	Dictionary, definition of territory authority	3
	6	Territory-owned Corporations Act 1990, new section 11A	3

2010
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)
(Mr Zed Seselja)
Financial Management (Appointments) Amendment Bill 2010

A Bill for
An Act to amend the Financial Management Act 1996, and for other purposes

    

The Legislative Assembly for the Australian Capital Territory enacts as follows:

1	Name of Act
This Act is the Financial Management (Appointments) Amendment Act 2010.
2	Commencement
This Act commences on the day after its notification day.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This Act amends the Financial Management Act 1996.
Note	This Act also amends the Territory-owned Corporations Act 1990 (see s 6).
4	New division 9.1A
insert
Division 9.1A	Appointment of former Ministers
77A	Appointment of former Ministers
	(1)	This section applies to a person who is or has been a Minister.
	(2)	The person is not eligible for appointment to any of the following positions in a territory authority for 2 years after the day the person stops being a Minister:
	(a)	a chief executive officer;
	(b)	an executive officer;
	(c)	a member of the board or council of the territory authority.
	(3)	In this section:
executive officer, of a territory authority, means a person (however described) who is concerned with, or takes part in, the authority’s management.
Note	Territory authority—see the Legislation Act, dictionary, pt 1.
5	Dictionary, definition of territory authority
substitute
territory authority, for the Act, other than division 9.1A (Appointment of former Ministers)—
	(a)	means a body corporate established by an Act; and
	(b)	to remove any doubt, includes an entity to which part 8 applies; and
	(c)	for division 9.7 (Additional provisions for restructuring of certain territory authorities)—includes a territory authority that has ceased to exist; but
	(d)	does not include a body declared under section 3B not to be a territory authority.
6	Territory-owned Corporations Act 1990, new section 11A
insert
11A	Appointment of former Ministers
	(1)	This section applies to a person who is or has been a Minister.
	(2)	The person is not eligible to be appointed to any of the following positions in a territory-owned corporation or a subsidiary for 2 years after the day the person stops being a Minister:
	(a)	a director;
	(b)	a senior manager.
	(3)	In this section:
senior manager, of a territory-owned corporation or a subsidiary, means a person (other than a director of the corporation or subsidiary) who—
	(a)	makes, or takes part in making, decisions that affect all, or a large part, of the business of the corporation or subsidiary; or
	(b)	may significantly affect the financial standing of the corporation or subsidiary.

Endnotes
1	Presentation speech
	Presentation speech made in the Legislative Assembly on	2010.
2	Notification
	Notified under the Legislation Act on	2010.
3	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

© Australian Capital Territory 2010