Australian Capital Territory
Territory-owned Corporations Regulation 2008 (No 2)
Subordinate law SL2008–49
made under the  
Territory-owned Corporations Act 1990
EXPLANATORY STATEMENT

Outline

The Territory-owned Corporations Amendment Act 2007 provides for the removal of Rhodium Asset Solutions Limited from Schedule 1 of the Territory-owned Corporations Act 1990 to commence on a date prescribed by regulation.

The objective of this regulation is to delay the commencement date of when Rhodium is removed from Schedule 1 of the Territory-owned Corporations Act 1990 until 12 December 2009.

Financial Implications

 The regulation does not contain any significant financial implications.  

Details of the Regulation

Section 1	Name of Regulation
		States the name of the regulation.

Section 2	Commencement
Sets the date of commencement of the regulation to the day after its notification.

Section 3	Amending Act commencement
States the prescribed date that the Territory-owned Corporations Amendment Act 2007 will commence.

Section 4	Expiry of Regulation
States that the regulation will expire on 13 December 2009.