Summary
The bill: amends the:
Administrative Decisions (Judicial Review) Act 1977
to provide that decisions made under the proposed amendment to the
Financial Management and Accountability Act 1997
are not subject to administrative review;
Financial Management and Accountability Act 1997
to authorise the Commonwealth to form or participate in forming companies and to acquire shares in, or become a member of a company, if the proposed company and its objects or proposed activities are specified in the Financial Management and Accountability Regulations 1997;
Social Security Act 1991
to provide for recoverable payments and recoverable death payments for payments made under the Australian Government Disaster Recovery Payments scheme;
Judges’ Pensions Act 1968
and
Remuneration Tribunal Act 1973
to establish recoverable payments and recoverable death payments; and Financial Management and Accountability Regulations 1997 to specify a list of existing Commonwealth-owned companies; and enables deferred tax asset relief to be provided to the Commonwealth Superannuation Corporation in relation to the transfer of assets from the Military Superannuation and Benefits Fund to the ARIA Investments Trust.