Summary
Following government endorsement of the recommendations of the Review of the Corporate Governance of Statutory Authorities and Office Holders (the Uhrig Review), the bill amends the Australian Trade Commission Act 1985 to enable the transition of the Australian Trade Commission from a statutory authority under the Commonwealth Authorities and Companies Act 1997 to a statutory agency which will be part of the Commonwealth and subject to the Public Service Act 1999 and the Financial Management and Accountability Act 1997. Also makes consequential amendments to the Export Market Development Grants Act 1997, Commonwealth Borrowing Levy Act 1987, Export Finance and Insurance Corporation Act 1991 and Public Service Act 1999.