Export Payments Insurance Corporation (No. 2)

No. 124 of 1970

An Act relating to the Salaries of the Commissioner and of an Acting Commissioner of the Export Payments Insurance Corporation.

[Assented to 11 November 1970]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1) This Act may be cited as the Export Payments Insurance-Corporation Act (No. 2) 1970.

(2.) The Export Payments Insurance Corporation Act 1956–1966, as. amended by the Export Payments Insurance Corporation Act 1970, is in this Act referred to as the Principal Act.

(3.) Section 1 of the Export Payments Insurance Corporation Act 1970 is amended by omitting sub-section (3.).

(4.) The Principal Act, as amended by this Act, may be cited as the Export Payments Insurance Corporation Act 1956–1970.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Appointment of Commissioner.

3. Section 7 of the Principal Act is amended by omitting sub-section (4.) and inserting in its stead the following sub-section:—

“(4.) The Commissioner shall be paid salary at the rate of Sixteen thousand nine hundred and thirty-one dollars a year.”.

Acting Commissioner.

4. Section 10 of the Principal Act is amended by omitting sub-section (5.) and inserting in its stead the following sub-section:—

“(5.) An Acting Commissioner shall be paid salary at the rate of Sixteen thousand nine hundred and thirty-one dollars a year.”.