Jan McLucas (Queensland, Australian Labor Party, Parliamentary Secretary for Disabilities and Carers) Share this | Hansard source

In summing up, I thank Senator Cormann for his support for this legislation. The Financial Framework Legislation Amendment Bill (No. 1) 2011 is an omnibus bill that will amend eight acts across five portfolios to help further clarify aspects of the Commonwealth's financial framework. The bill amends the Common­wealth Authorities and Companies Act 1997 and the Financial Management and Accountability Act 1997 to improve the core financial legislation. Outside the Finance and Deregulation portfolio, changes are also made to the Legislative Instruments Act 2003, the Wheat Export Marketing Act 2008, the Wine Australia Corporation Act 1980, the Renewable Energy (Electricity) Act 2000, the Primary Industries (Excise) Levies Act 1999 and the Science and Industry Research Act 1949.

Summing up, this bill continues the government's commitment to ensure that the financial framework and legislation is up to date, accurate and clear. I thank honourable senators for their contribution to the debate and commend the bill to the chamber.

Question agreed to.

Bill read a second time.