Document ID: chunk:federal_register_of_legislation:C2004A04649:schedule:2:p1
Version: federal_register_of_legislation:C2004A04649
Segment Type: schedule
Provision Reference: sch 2 (pt 1/3)
Character Range: 46051–48812

Schedule 2

65. Schedule 2 to the Principal Act is amended by inserting after "Dried Vine Fruits Equalization Levy Act 1978":

  "Forest Industries Research Levy Act 1993".

PART 13—AMENDMENTS OF THE SNOWY MOUNTAINS HYDRO-ELECTRIC POWER ACT 1949

Principal Act

66. In this Part, "Principal Act" means the Snowy Mountains Hydro-electric Power Act 194912.

Contracts

67. Section 31 of the Principal Act is amended by adding at the end the following subsections:

"(2) Subsection (1) does not apply if the contract relates to the investment of money not immediately required for the purposes of the Authority:

  (a) in securities of, or guaranteed by, the Commonwealth; or

  (b) on deposit with an approved bank; or

  (c) in any other manner approved by the Treasurer.

"(3) The Treasurer, or a person authorised by the Treasurer to give approvals under this subsection, may declare a bank to be an approved bank in relation to the Authority.

  "(4) For the purposes of subsection (2):

'approved bank', in relation to the Authority, means:

  (a) a bank as defined in subsection 5(1) of the Banking Act 1959; or

     (b) a bank declared to be an approved bank in relation to the Authority under subsection (3).".

PART 14—AMENDMENTS OF THE WHEAT MARKETING ACT 1989

Principal Act

68. In this Part, "Principal Act" means the Wheat Marketing Act 198913.

Functions of the Board

  69.(1) Section 6 of the Principal Act is amended:

    (a) by omitting from paragraph (1)(f) "wheat" and substituting "grain of any kind";

    (b) by omitting from subsection (4) "wheat" and substituting "grain, or grain products, of any kind".

(2) Anything done, before the commencement of this subsection, by the Board in the purported performance of a function, or the purported exercise of a power, conferred on the Board by a State law referred to in subsection 6(4) of the Principal Act as amended by this Act (other than a law relating to the marketing of wheat or value adding activities) is taken to have been done in the performance of a function, or the exercise of a power, validly conferred on the Board.

  (3) In subsection (2):

"Board" and "value adding activities" have the same meanings as in the Principal Act.

Powers of the Board

70. Section 7 of the Principal Act is amended by inserting after paragraph (2)(k) the following paragraph:

     "(1) to make charges for services provided by the Board in the performance of its function under paragraph 6(1)(f);".

Insertion of new section

71. After section 26 of the Principal Act, the following section is inserted:

Delegation by Managing Director or Chairperson

"26A. A Chairperson appointed in an executive capacity or the Managing Director may, in writing, delegate to an employee of the Board: