Summary
Amends the
Financial Framework (Supplementary Powers) Act 1997
to remove certain limiting words from section 32B (which confers power on the Commonwealth to make, vary or administer an arrangement or grant) and section 39B (which confers power on the Commonwealth to form a company, participate in the formation of a company, acquire shares in a company or become a member of a company). Also makes consequential amendments to 7 Acts and contingent amendments to 2 Acts.