12Department of the Treasury

12 Department of the Treasury

If a body to be known as the Productivity Commission is established by legislation before 1 July 1997, this Act has effect, and is taken at all times to have had effect, as if the appropriation of an amount to the Industry Commission under subdivision 1 or 2 of Division 678 in the Schedule were:

(a) an appropriation to the Industry Commission (for the purposes set out in the subdivision) of so much of mat amount as is determined, in writing, by the Minister, being an amount that is not less than the expenditure incurred by the Commission in meeting its running costs or for expenditure on other services (as the case may be) before the establishment of the body; and

(b) an appropriation of the balance of that amount to the body for its purposes in respect of the period commencing on the establishment of the body and ending on 30 June 1997.