Enhanced Legislation Offering – Expiry Notes
The interpretation legislation in each of the Australian jurisdictions provides for the expiry of Acts and subordinate legislation or provisions within those Acts, regulations and rules. A provision will expire when its operation has been exhausted or it becomes otherwise redundant.
The Thomson Reuters Legislation Team has recently completed an enhancement project, integrating history notes into full-text legislation, outlining the details of how and when provisions expire or cease to have effect. Our legislation content is now also accompanied by expiry notations against the relevant subsection, section, Division, Part, Chapter or Schedule.
For example, Personal Property Securities (National Uniform Legislation) Implementation Act 2010 (NT) (PPS Act), Pt 4 (ss 24-60) expired on the day after all the provisions in the Part had commenced (31 January 2012).
24 Amendment of Agents Licensing Act [Expired]
[S 24 exp Act 30 of 2010, s 60, with effect from 31 Jan 2012]
Subscribers will also be alerted to uncommenced or future expiries via the updated legislative history. For example, Corporations Regulations 2001 (Cth), reg 10.18.01 prescribes the circumstances in which the ban on conflicted remuneration does not apply to a benefit given to a financial services licensee for the purposes of s 1528(2) of the Corporations Act 2001 (Cth). This regulation is due to expire on the delayed FOFA application date of 1 July 2013.
10.18.01 Ban on conflicted remuneration does not apply in certain circumstances
[Reg 10.18.01 future exp Reg 193 of 2011, reg 10.18.01(3), with effect from 1 Jul 2013; insrt SLI 170 of 2012, reg 3 and Sch 1 item 5, with effect from 13 Jul 2012]
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