Snowy Mountains Engineering Corporation Limited Sale Act 1993

No. 54, 1993

Compilation No. 12

Compilation date: 30 March 2018

Includes amendments up to: Act No. 23, 2018

Registered: 9 April 2018

About this compilation

This compilation

This is a compilation of the Snowy Mountains Engineering Corporation Limited Sale Act 1993 that shows the text of the law as amended and in force on 30 March 2018 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self - repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

Part 1—Preliminary 1

1 Short title 1

2 Commencement 1

3 Interpretation 1

4 The sale day 3

Part 4—Transitional and saving provisions 4

Division 1—Transitional and saving provisions in relation to long service leave 4

9 Interpretation 4

10 Long service leave for employees with less than 10 years service 5

11 Payments in lieu of long service leave for employees with less than 10 years service 6

12 Payments on the death of an employee 8

13 Employee’s long service leave credit for the purposes of sections 10 and 11 9

14 Division not to affect an employee’s post-sale long service leave rights 9

15 Saving—Long Service Leave Act 10

Division 2—Transitional and saving provisions relating to the Safety Rehabilitation and Compensation Act 1988 11

16 Interpretation 11

17 Continued application of SRC Act 11

18 Transitional provisions relating to the SRC Act that relate to SMEC employees and former SMEC employees 11

19 Transitional provisions relating to Division 4A of Part VII of the SRC Act 12

20 Transitional provision relating to section 128A of the SRC Act 12

21 Notification of amount of salary etc. paid to employees of SMEC 12

22 Amendment of declarations under the SRC Act 13

Division 3—Transitional and saving provisions in relation to superannuation and other retirement benefits 14

23 Saving—deferred benefits under the Superannuation Act 1922 14

24 Saving—deferred benefits under the Superannuation Act 1976 14

25 Saving—period of eligible employment for the purposes of Superannuation Act 1976 14Division 3 of Part IX of the

26 Saving—deferred benefits under the DFRDB Act 15

27 Saving—period of eligible employment for the purposes of Division 3 of Part IX of the DFRDB Act 15

28 Application—Superannuation Act 1922 15

29 Application—Superannuation Act 1976 16

30 Application—Superannuation Act 1990 16

Division 4—Other transitional and saving provisions 17

31 Transitional maternity leave provisions relating to employees of SMEC who are not on maternity leave immediately before the sale day 17

32 Transitional maternity leave provisions relating to employees of SMEC who are on maternity leave on or before the sale day 17

33 Saving—Crimes (Superannuation Benefits) Act 1989 18

34 Saving—DPP Act 19

35 Saving—Judiciary Act 1903 19

Part 5—Other provisions relating to the sale of SMEC 20

36 SMEC not to be established by or under an Act or established by the Commonwealth 20

37 Removal of SMEC’s tax losses 20

38 Exemption from State and Territory taxes and fees 21

39 Regulations connected with the sale of SMEC 22

40 Cessation of mobility rights 23

43 A SMEC body not to be an eligible or relevant body for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990 23

Endnotes 24

Endnote 1—About the endnotes 24

Endnote 2—Abbreviation key 26

Endnote 3—Legislation history 27

Endnote 4—Amendment history 30

An Act relating to the sale of the Snowy Mountains Engineering Corporation Limited, and for related purposes

1 Preliminary

1 Short title

This Act may be cited as the Snowy Mountains Engineering Corporation Limited Act 1993.

2 Commencement 1

Sections 1, 2, 3, 4 and 38 commence on the day on which this Act receives the Royal Assent.

Sections 5 to 36 (inclusive) and 39 to 44 (inclusive) commence on the sale day.

Section 37 of this Act commences on a day to be fixed by Proclamation.

(4) A Proclamation may fix a day that is earlier than the day on which the Proclamation is published in the Gazette but only if the day fixed is the sale day.

If a provision of this Act does not commence within the period of 2 years beginning on the day on which this Act receives the Royal Assent, it is taken to have been repealed on the day after the period ends.

3 Interpretation 1

In this Act, unless the contrary intention appears:

DFRDB Act means the Defence Force Retirement and Death Benefits Act 1973.

employee includes apprentice.

Finance Department means the Department administered by the Finance Minister.

Finance Minister means the Minister administering the Public Governance, Performance and Accountability Act 2013.

Long Service Leave Act means the Long Service Leave (Commonwealth Employees) Act 1976 as in force immediately before 9 November 1993.

Maternity Leave Act means the Maternity Leave (Commonwealth Employees) Act 1973.

sale day means the day declared under section 4.

share means a share in the body’s share capital.

SMEC means the body corporate known before the sale day as the Snowy Mountains Engineering Corporation Limited by whatever name called, and in whatever form that body corporate takes, from time to time.

SMEC body means SMEC or a SMEC subsidiary.

SMEC subsidiary means a body corporate that is a subsidiary of SMEC.

SRC Act means the Safety Rehabilitation and Compensation Act 1988.

Supervisory Mechanisms Act means the Superannuation Benefits (Supervisory Mechanisms) Act 1990.

voting share has the same meaning as in the Corporations Act 2001.

(2) For the purposes of this Act, the question whether a body corporate is a subsidiary of another body corporate is to be determined in the same manner as that question is determined under the Corporations Act 2001.

4 The sale day 1

(1) The Finance Minister must, by notice in the Gazette, declare the day described in subsection (2) to be the sale day.

The day to be specified in the notice is the day that, in the opinion of the Finance Minister, is the first day after the commencement of this Part on which a majority of the voting shares in SMEC are acquired by a person, or persons, other than the Commonwealth or a nominee of the Commonwealth.

The notice must be published within 14 days after the specified day.

4 Transitional and saving provisions 1 Transitional and saving provisions in relation to long service leave

9 Interpretation 1

Unless the contrary intention appears, expressions used in this Division that are also used in the Long Service Leave Act have the same respective meanings as in that Act.

In this Division:

combined service period means the total of: the period that is, immediately before the sale day, the employee’s period of service for the purposes of the Long Service Leave Act; and the period starting on the sale day during which the employee continues to be an employee of SMEC.

the period that is, immediately before the sale day, the employee’s period of service for the purposes of the Long Service Leave Act; and

the period starting on the sale day during which the employee continues to be an employee of SMEC.

employee includes a person employed in a full-time or a part-time capacity.

law means:

a law of the Commonwealth or of a State or Territory; or

regulations or any other instrument (other than an award, determination or industrial agreement) made under such a law.

post-sale long service leave rights means any long service leave rights an employee acquires under an award, determination, industrial agreement or law (other than this Act) on or after the sale day.

10 Long service leave for employees with less than 10 years service 1

This section provides that, in certain circumstances, SMEC may grant long service leave to an employee whose period of service for the purposes of the Long Service Leave Act was less than 10 years.

This section applies in relation to a person who was an employee of SMEC immediately before the sale day if, at that time, the employee’s period of service for the purposes of the Long Service Leave Act was less than 10 years.

This section does not apply in relation to an employee who stops being an employee of SMEC by dying. Section 12 covers those employees.

If, from and after the sale day, the employee continues to be employed by SMEC until his or her combined service period is at least 10 years, SMEC may grant the employee long service leave on full salary for a period up to the employee’s long service leave credit under subsection 13(1).

If:

the employee is to stop being an employee of SMEC on or after reaching the minimum retiring age, or because of retrenchment; and

the employee’s combined service period at the time when he or she is to stop being an employee of SMEC is at least one year;

SMEC may grant the employee long service leave on full salary for a period up to the employee’s long service leave credit under subsection 13(1).

If a period of long service leave may be granted to an employee under subsection (4) or (5), SMEC may, if the employee asks in writing, grant the employee long service leave on half salary for a period not exceeding twice that first-mentioned period.

Long service leave granted in the circumstances set out in subsection (5) is to be taken so as to end immediately before the employee stops being an employee.

For the purposes of this section, the rate of salary to be used in working out the full salary of an employee is the rate that would be applicable to the employee under section 20 of the Long Service Leave Act if:

that section applied to the employee; and

(b) for the expression “ Snowy Mountains Engineering Corporation Limited Act 1993”.section 16 or 17” in that section there were substituted the expression “section 10 of the

11 Payments in lieu of long service leave for employees with less than 10 years service 1

This section provides that, in certain circumstances, SMEC must pay an amount in respect of long service leave to an employee who has not used all of his or her long service leave credit by taking long service leave under section 10.

This section does not apply in relation to an employee who stops being an employee of SMEC by dying. Section 12 covers those employees.

Subject to subsection (7), if the employee stops being an employee of SMEC on or after the day on which his or her combined service period reache0 years, SMEC must pay him or her an amount equal to full salary in respect of his or her long service leave credit under subsection 13(2).

Subject to subsection (7), if:

the employee stops being an employee of SMEC, on or after reaching the minimum retiring age, or because of retrenchment; and

at that time, the employee’s combined service period is at least one year;

SMEC must pay him or her an amount equal to full salary in respect of his or her long service leave credit under subsection 13(2).

Subject to subsection (7), if:

the employee stops being an employee of SMEC; and

SMEC is satisfied that the employee left SMEC because of ill health that justified his or her so leaving; and

when the employee left, his or her combined service period was at least one year;

SMEC must pay him or her an amount equal to full salary in respect of his or her long service leave credit under subsection 13(2).

An employee may, by written notice given to SMEC before the employee stops being an employee of SMEC:

ask SMEC not to make a payment to the employee under this section; or

ask SMEC to make a payment under subsection (4), (5) or (6) of a specified amount that is less than the amount that would otherwise be payable under that subsection.

SMEC must comply with a request made under subsection (7).

For the purposes of this section, the rate of salary to be used in working out the full salary of an employee is the rate that would be applicable to the employee under section 21 of the Long Service Leave Act if:

that section applied to the employee; and

(b) for the expression “sections 16 and 17” in that section there were substituted the expression “ Snowy Mountains Engineering Corporation Limited Act 1993”.section 11 of the

12 Payments on the death of an employee 1

If:

on or after the sale day, the employee dies; and

immediately before his or her death, the employee was an employee of SMEC; and

immediately before his or her death, the employee’s combined service period was at least one year; and

immediately before his or her death, the employee had one or more dependants;

SMEC must make a payment to a dependant or to 2 or more dependants of the employee.

The total amount of the payment or payments is the amount that would have been payable to the employee under section 11 if, on the day of his or her death, the employee had instead stopped being an employee of SMEC on or after reaching the minimum retiring age.

If subsection (2) applies, section 23 of the Long Service Leave Act has effect as if:

that section applied to an employee of SMEC; and

a reference in that section to the approving authority were a reference to SMEC; and

the section were further modified as set out in the following table:

TABLE

Provision	Omit this expression	Insert this expression
section 23	this Act	section 12 of the Snowy Mountains Engineering Corporation Limited Act 1993
subsections 23(2) and (3)	subsection 16(7) or 17(5)	section 12 of the Snowy Mountains Engineering Corporation Limited Act 1993

13 Employee’s long service leave credit for the purposes of sections 10 and 11 1

For the purposes of section 10, an employee’s long service leave credit is equal to the long service leave credit that the employee would have had under the Long Service Leave Act for the period:

starting when the employee started his or her period of service; and

ending on the sale day;

if the employee had been retrenched on the sale day.

For the purposes of section 11, an employee’s long service leave credit is the employee’s long service leave credit worked out under subsection (1), reduced by any long service leave credits used under section 10.

14 Division not to affect an employee’s post-sale long service leave rights

To avoid doubt, it is declared that this Division does not affect an employee’s post-sale long service leave rights.

15 Saving—Long Service Leave Act

If, immediately before the sale day, the period of service under the Long Service Leave Act of an employee of SMEC was at least 10 years, then:

despite the amendment of the Long Service Leave (Commonwealth Employees) Regulations by this Act, the employee’s accrued rights under that Act continue; and

that Act has effect after the sale day as if SMEC were the approving authority in relation to the employee for the purposes of that Act.

2 Transitional and saving provisions relating to the Safety Rehabilitation and Compensation Act 1988

16 Interpretation

Unless the contrary intention appears, expressions used in this Division that are also used in the SRC Act have the same respective meanings as in that Act.

17 Continued application of SRC Act

If SMEC stops being a Commonwealth authority for the purposes of the SRC Act, the SRC Act continues to apply in relation to SMEC to the extent, and in the manner, set out in this Division.

18 Transitional provisions relating to the SRC Act that relate to SMEC employees and former SMEC employees 1

The SRC Act continues to apply on and after the sale day in relation to:

injuries suffered by employees of SMEC before the sale day; and

loss of, or damage to, property incurred by employees of SMEC before the sale day;

including employees who had stopped being employees of SMEC before the sale day.

For the purposes of subsection (1), the SRC Act continues to apply as if:

SMEC continues to be a Commonwealth authority; and

the chief executive officer of SMEC (however described) continues to be the principal officer of a Commonwealth authority.

19 Transitional provisions relating to Division 4A of Part VII of the SRC Act 1

On and after the sale day, Division 4A of Part VII of the SRC Act applies to SMEC as if:

SMEC continues to be a Commonwealth authority; and

SMEC is not required to pay a premium under that Division in respect of that part of a financial year which occurs after the sale day; and

the following word and paragraph were added at the end of subsection 96H(1):

“; or (f) in the case of an authority—the authority is not required to pay a premium under this Division in respect of part of a financial year.”.

If, 60 days after the sale day, an amount of premium payable by SMEC to Comcare in respect of a period before the sale day remains unpaid, the amount is a debt due to the Commonwealth and payable to Comcare.

20 Transitional provision relating to section 128A of the SRC Act

On and after the sale day, section 128A of the SRC Act continues to apply to SMEC as if SMEC continues to be a prescribed Commonwealth authority for the purposes of that section.

21 Notification of amount of salary etc. paid to employees of SMEC

The chief executive officer (however described) of SMEC must notify the Commission, within 28 days after the sale day, of the amount of salary, wages or pay paid to employees of SMEC in the period starting on 1 July in the financial year in which the sale day occurs and ending on the day before the sale day.

22 Amendment of declarations under the SRC Act 1

(1) A notice published in the Gazette before the sale day that declares SMEC to be a body corporate to which the SRC Act applies for the purposes of paragraph (c) of the definition of Commonwealth authority in subsection 4(1) of the SRC Act has effect from and including the sale day as if it did not contain a reference to SMEC.

Subsection (1) does not prevent the declaration, as affected by that subsection, being amended or revoked by the Minister.

3 Transitional and saving provisions in relation to superannuation and other retirement benefits

23 Saving—deferred benefits under the Superannuation Act 1922 1

(1) This section applies if, immediately before the sale day, an employee of a SMEC body was a person to whom deferred benefits were applicable under Superannuation Act 1922.section 119W of the

(2) For the purposes of Superannuation Act 1922, the employee is taken to continue in public employment on and after the sale day while the employee continues to be employed by a SMEC body.Division 3 of Part XA of the

(3) This section is subject to Superannuation Act 1922.Division 3 of Part XA of the

24 Saving—deferred benefits under the Superannuation Act 1976 1

(1) This section applies if, immediately before the sale day, an employee of a SMEC body was a person to whom deferred benefits were applicable under Superannuation Act 1976.section 139 of the

(2) For the purposes of Superannuation Act 1976, an employee is taken to continue in public employment on and after the sale day while the employee continues to be employed by a SMEC body.Division 3 of Part IX of the

(3) This section is subject to Superannuation Act 1976.Division 3 of Part IX of the

25 Saving—period of eligible employment for the purposes of Division 3 of Part IX of the Superannuation Act 1976 1

(1) This section applies if, immediately before the sale day, a period of employment of a person by a SMEC body was a period of eligible employment for the purposes of Superannuation Act 1976.Division 3 of Part IX of the

(2) Despite employment by a SMEC body having stopped being eligible employment for the purposes of Superannuation Act 1976, the period of employment continues to be a period of eligible employment for the purposes of that Division.Division 3 of Part IX of the

26 Saving—deferred benefits under the DFRDB Act 1

This section applies if, immediately before the sale day, an employee of a SMEC body was a person to whom deferred benefits were applicable under section 78 of the DFRDB Act.

For the purposes of Division 3 of Part IX of the DFRDB Act, the employee is taken to continue in public employment on and after the sale day while the employee continues to be employed by a SMEC body.

This section is subject to Division 3 of Part IX of the DFRDB Act.

27 Saving—period of eligible employment for the purposes of Division 3 of Part IX of the DFRDB Act 1

This section applies if, immediately before the sale day, a period of employment of a person by a SMEC body was a period of eligible employment for the purposes of Division 3 of Part IX of the DFRDB Act.

Despite employment by a SMEC body having stopped being eligible employment for the purposes of Division 3 of Part IX of the DFRDB Act, the period of employment continues to be a period of eligible employment for the purposes of that Division.

28 Application—Superannuation Act 1922

On and after the sale day, Superannuation Act 1922 does not apply in relation to SMEC.section 145 of the

29 Application—Superannuation Act 1976

On and after the sale day, SMEC is not an approved authority for the purposes of the Superannuation Act 1976.

30 Application—Superannuation Act 1990

On and after the sale day, SMEC is not an approved authority for the purposes of the Superannuation Act 1990.

4 Other transitional and saving provisions

31 Transitional maternity leave provisions relating to employees of SMEC who are not on maternity leave immediately before the sale day 1

This section applies if:

immediately before the sale day, a person was a female employee of SMEC; and

within 12 months after the sale day, the person would have been entitled to begin leave granted under the Maternity Leave Act if SMEC had continued to be a prescribed authority for the purposes of that Act.

On and after the sale day, the Maternity Leave Act continues to apply to the person in relation to the confinement in respect of which she would have been entitled to leave as if SMEC continued to be a prescribed authority for the purposes of that Act.

32 Transitional maternity leave provisions relating to employees of SMEC who are on maternity leave on or before the sale day 1

This section applies if:

immediately before the sale day, a person was a female employee of SMEC; and

on the sale day, the person is on leave granted under the Maternity Leave Act.

On and after the sale day, the Maternity Leave Act continues to apply to the person in relation to the confinement in respect of which the leave was granted as if SMEC continued to be a prescribed authority for the purposes of that Act.

33 Saving—Crimes (Superannuation Benefits) Act 1989 1

(1) Subject to subsection (2), if a person who was an employee of SMEC before the sale day committed a corruption offence while such an employee, then, on and after the sale day, the Crimes (Superannuation Benefits) Act 1989 continues to apply in relation to the person in respect of the offence as if SMEC continued to be a Commonwealth authority.

(2) A superannuation order may not be made under the Crimes (Superannuation Benefits) Act 1989 in relation to employer contributions or benefits paid or payable to a superannuation scheme by SMEC after the sale day.

(3) A superannuation scheme in relation to which employer contributions or benefits are paid or payable by SMEC is not a superannuation scheme for the purposes of the Crimes (Superannuation Benefits) Act 1989 in respect of a corruption offence committed by a person after the sale day.

(4) Despite paragraph 19(3)(d) of the Crimes (Superannuation Benefits) Act 1989, an order under that paragraph may only specify that an amount paid to the Commonwealth before the sale day by or on behalf of SMEC, belongs to the Commonwealth.

If:

a person who was an employee of SMEC before the sale day committed a corruption offence while such an employee; and

the person was paid benefits before, on or after the sale day out of the Consolidated Revenue Fund;

then, despite paragraph 19(4)(b) of the Crimes (Superannuation Benefits) Act 1989, an order under that paragraph may only specify that an amount equal to the total benefits paid out of the Consolidated Revenue Fund be paid to the Commonwealth.

(6) Unless the contrary intention appears, expressions used in this section that are also used in the Crimes (Superannuation Benefits) Act 1989 have the same respective meanings as in that Act.

34 Saving—DPP Act 1

Despite the DPP Act ceasing to apply to certain acts, omissions or proceedings in connection with SMEC because SMEC stops being an authority of the Commonwealth for the purposes of that Act, that Act continues to apply in relation to:

acts or omissions that occurred before the sale day; and

the taking of civil remedies connected with or arising out of a prosecution that relates to acts or omissions referred to in paragraph (a).

In this section:

DPP Act means the Director of Public Prosecutions Act 1983.

35 Saving—Judiciary Act 1903 1

(1) Despite Judiciary Act 1903 continues to apply in relation to:section 36 of this Act, section 55E of the

any proceedings to which SMEC is a party that were started before the sale day; and

any matter that an authorised person, by signed writing, certifies is a matter in relation to which SMEC gave written instructions before the sale day to the Australian Government Solicitor;

as if SMEC were a body established under an Act.

A document purporting to be a certificate under subsection (1) is, unless the contrary is established, to be taken to be such a certificate.

In this section:

authorised person means:

the Secretary of the Attorney-General’s Department; or

an SES employee, or acting SES employee, in that Department.

5 Other provisions relating to the sale of SMEC

36 SMEC not to be established by or under an Act or established by the Commonwealth 1

On and after the sale day, SMEC is not taken for the purposes of a law to be:

established by or under an Act; or

established by the Commonwealth;

unless a law expressly provides otherwise.

In subsection (1):

law means:

an Act of the Commonwealth or of a State or Territory; and

regulations or other instrument made under such an Act.

37 Removal of SMEC’s tax losses 1

A loss incurred by SMEC in a year of income ending before the year of income in which the sale day occurs is not allowable as a deduction in a year of income ending on or after the sale day.

(2) Subsection (1) has effect despite anything in the Income Tax Assessment Act 1936 and, in particular, former sections 79E, 79EA, 79EB, 79F, 80, 80AAA and 80AA of that Act.

(3) Unless the contrary intention appears, expressions used in subsection (1) that are also used in the Income Tax Assessment Act 1936 have the same respective meanings as in that Act.

SMEC cannot deduct in the 1997-98 income year or a later income year a tax loss incurred in an income year ending before the income year in which the sale day occurs.

(5) This section has effect despite anything and, in particular, Income Tax Assessment Act 1997.Division 36 and Subdivision 195-A of the

(6) Unless the contrary intention appears, an expression has the same meaning in subsection (4) as in the Income Tax Assessment Act 1997.

38 Exemption from State and Territory taxes and fees 1

No tax is payable under a law of a State or a Territory in respect of:

an exempt matter; or

anything done (including a transaction entered into or an instrument or document made, executed, lodged or given) because of, or for a purpose connected with or arising out of, an exempt matter.

An authorised person may, in writing, certify that:

a specified matter or thing is an exempt matter; or

a specified thing was done (including a transaction entered into, or an instrument or document made, executed, lodged or given) because of, or for a purpose connected with or arising out of, a specified exempt matter.

A certificate under subsection (2) is, in all courts and for all purposes, evidence of the matter stated in the certificate.

In this section:

authorised person means:

the Finance Minister; or

the Secretary of the Finance Department; or

an SES employee, or acting SES employee, in that Department, authorised by the Secretary, in writing, for the purposes of this section.

exempt matter means:

the issue or allotment of shares by SMEC to the Commonwealth or another person on or before the sale day; or

an agreement between the Commonwealth and another person relating to the sale, issue or allotment of shares in SMEC; or

the transfer of shares in SMEC by the Commonwealth or a nominee of the Commonwealth to another person; or

the receipt of money (whether before, on or after the sale day) by the Commonwealth, SMEC or another person acting on behalf of the Commonwealth or SMEC from persons who are, on or before the sale day, buying or subscribing for shares in SMEC; or

the operation of this Act.

tax means:

stamp duty or any other tax; and

(b) a fee (other than a fee payable under the Corporations Act 2001);

but does not include a tax or fee (other than a fee payable under the Corporations Act 2001) specified in a notice signed by the Finance Minister and published in the Gazette.

39 Regulations connected with the sale of SMEC 1

(1) Subsection 48(2) of the Acts Interpretation Act 1901 does not apply to regulations made under any Act that:

are connected with the sale of SMEC; and

include a declaration that the Governor-General is satisfied that they are connected with the sale of SMEC; and

are expressed to take effect on the sale day.

Regulations covered by subsection (1) take effect on the sale day.

40 Cessation of mobility rights 1

(1) If Public Service Act 1922 applied to an employee of SMEC immediately before the sale day, then that Division stops applying to the employee on the sale day.Division 2 or 3 of Part IV of the

(2) If Public Service Act 1922 applied to an employee of SMEC immediately before the sale day, then:Division 4 of Part IV of the

(a) the Officers’ Rights Declaration Act 1928; and

(b) Public Service Act 1922;Division 4 of Part IV of the

stop applying to the employee on the sale day.

43 A SMEC body not to be an eligible or relevant body for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990 1

(1) A notice published in the Gazette before the sale day that declares a SMEC body to be an eligible body for the purposes of the Supervisory Mechanisms Act has effect on and after the sale day as if it did not contain a reference to a SMEC body.

(2) A notice published in the Gazette before the sale day that declares a SMEC body to be a relevant body for the purposes of the Supervisory Mechanisms Act has effect on and after the sale day as if it did not contain a reference to a SMEC body.

Neither subsection (1) nor (2) prevents the declaration as affected by that subsection being amended or revoked by the Minister.

In subsection (3):

Minister has the same meaning as in the Supervisory Mechanisms Act.

Endnotes

Endnote 1—About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Abbreviation key—Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation “(md)” added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation “(md not incorp)” is added to the details of the amendment included in the amendment history.

Endnote 2—Abbreviation key

ad = added or inserted	o = order(s)
am = amended	Ord = Ordinance
amdt = amendment	orig = original
c = clause(s)	par = paragraph(s)/subparagraph(s)
C[x] = Compilation No. x	/sub-subparagraph(s)
Ch = Chapter(s)	pres = present
def = definition(s)	prev = previous
Dict = Dictionary	(prev…) = previously
disallowed = disallowed by Parliament	Pt = Part(s)
Div = Division(s)	r = regulation(s)/rule(s)
ed = editorial change	reloc = relocated
exp = expires/expired or ceases/ceased to have	renum = renumbered
effect	rep = repealed
F = Federal Register of Legislation	rs = repealed and substituted
gaz = gazette	s = section(s)/subsection(s)
LA = Legislation Act 2003	Sch = Schedule(s)
LIA = Legislative Instruments Act 2003	Sdiv = Subdivision(s)
(md) = misdescribed amendment can be given	SLI = Select Legislative Instrument
effect	SR = Statutory Rules
(md not incorp) = misdescribed amendment	Sub-Ch = Sub-Chapter(s)
cannot be given effect	SubPt = Subpart(s)
mod = modified/modification	underlining = whole or part not
No. = Number(s)	commenced or to be commenced

Endnote 3—Legislation history

Act	Number and year	Assent	Commencement	Application, saving and transitional provisions
Snowy Mountains Engineering Corporation Limited Sale Act 1993	54, 1993		s 1–4 and 38: 27 Oct 1993 (s 2(1)) s 37: 9 Nov 1993 (s 2(3) and gaz 1993, No S371) Remainder: 9 Nov 1993 (s 2(4) and gaz 1993, No S334)
Income Tax (Consequential Amendments) Act 1997	39, 1997		1 July 1997 (s 2)	—
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999		Sch 1 (items 819, 820): 5 Dec 1999 (gaz 1999, No S584 and s 2(1) items 1, 2)	—
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	s 4–14 and Sch 3 (items 479–481): 15 July 2001 (gaz 2001, No S285 and s 2(3))	s 4–14
Financial Framework Legislation Amendment Act 2005	8, 2005		s 4 and Sch 1 (items 365, 496): 22 Feb 2005 (s 2(1) items 8, 10)	s 4 and Sch 1 (item 496)
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006	101, 2006		Sch 2 (items 900, 901) and Sch 6 (items 1, 6–11): 14 Sept 2006 (s 2(1) items 2, 4)	Sch 6 (items 1, 6–11)
Financial Framework Legislation Amendment Act 2010	148, 2010	17 Dec 2010	Sch 11 (item 18): 18 Dec 2010 (s 2(1) item 10)	—
Statute Law Revision Act 2011	5, 2011	22 Mar 2011	Sch 5 (items 198–201), Sch 6 (items 100, 101) and Sch 7 (items 122, 123): 19 Apr 2011 (s 2(1) items 13, 17, 18)	—
Statute Law Revision Act 2012	136, 2012	22 Sept 2012	Sch 6 (items 66–69): 22 Sept 2012 (s 2(1) item 37)	—
Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014	62, 2014	30 June 2014	Sch 12 (item 132) and Sch 14: 1 July 2014 (s 2(1) item 6, 14)	Sch 14
as amended by
Public Governance and Resources Legislation Amendment Act (No. 1) 2015	36, 2015	13 Apr 2015	Sch 2 (items 7–9) and Sch 7: 14 Apr 2015 (s 2)	Sch 7
as amended by
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015	126, 2015	10 Sept 2015	Sch 1 (item 486): 5 Mar 2016 (s 2(1) item 2)	—
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015	126, 2015	10 Sept 2015	Sch 1 (item 495): 5 Mar 2016 (s 2(1) item 2)	—
Statute Law Revision Act (No. 1) 2015	5, 2015	25 Feb 2015	Sch 6 (items 4, 5): 25 Mar 2015 (s 2(1) item 10)	—
Treasury Laws Amendment (2018 Measures No. 1) Act 2018	23, 2018	29 Mar 2018	Sch 1 (items 8, 9, 75–79): 30 Mar 2018 (s 2(1) items 2, 9)	Sch 1 (items 9, 75–79)

Endnote 4—Amendment history

Provision affected	How affected
Part 1
s 3	am No 55, 2001; No 5, 2011; No 136, 2012; No 62, 2014
s 4	am No 5, 2011
Part 2	rep No 136, 2012
s 5	rep No 136, 2012
s 6	rep No 136, 2012
Part 3	rep No 136, 2012
s 7	rep No 136, 2012
s 8	rep No 136, 2012
Part 4
Division 4
s 33	am No 8, 2005
s 35	am No 146, 1999; No 5, 2011
Part 5
s 36	am No 5, 2015
s 37	am No 39, 1997; No 101, 2006
s 38	am No 146, 1999; No 55, 2001; No 5, 2011
s 41	rep No 148, 2010
s 42	rep No 23, 2018
s 44	rep No 136, 2012
Schedule	rep No 136, 2012