75Annual report

#### 75 Annual report The annual report prepared by the CEO and given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period must set out: (a) each amount paid by TUSMA, on behalf of the Commonwealth, under a section 13 contract during the period; and (b) the amount of each section 13 grant made during the period; and (c) details of any action taken by TUSMA in the period in response to a direction given by the Minister under section 77. > Note: The annual report must include TUSMA’s performance monitoring report (see subsection 29(4)). 201 Subsection 84(2) Omit “Special Account for the purposes of the Financial Management and Accountability Act 1997”, substitute “special account for the purposes of the Public Governance, Performance and Accountability Act 2013”. 202 Section 85 (note) Omit “Special Account” (wherever occurring), substitute “special account”. 203 Section 86 (note) Repeal the note, substitute: > Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts). Telstra Corporation Act 1991 204 Section 3 (definition of Finance Department) Omit “Minister administering the Financial Management and Accountability Act 1997”, substitute “Minister for Finance”. 205 Section 3 (definition of Minister for Finance) Omit “Financial Management and Accountability Act 1997”, substitute “Public Governance, Performance and Accountability Act 2013”. 206 Subsection 8AJ(7) (definition of wholly‑owned Commonwealth company) Omit “Commonwealth Authorities and Companies Act 1997”, substitute “Public Governance, Performance and Accountability Act 2013”. 207 Section 8AKA (note) Repeal the note, substitute: > Note: Subsection 56(1) of the Public Governance, Performance and Accountability Act 2013 provides that an agreement for the borrowing of money by the Commonwealth is of no effect unless the borrowing is expressly authorised by an Act. 208 Part 9 Repeal the Part. Terrorism Insurance Act 2003 209 Paragraph 20(2)(d) Repeal the paragraph. 210 At the end of subsection 20(2) Add: > Note: The appointment of a member may also be terminated under section 30 of the Public Governance, Performance and Accountability Act 2013 (which deals with terminating the appointment of an accountable authority, or a member of an accountable authority, for contravening general duties of officials). 211 Subsection 22(5) (note) Repeal the note. 212 Subsection 34(2) Repeal the subsection, substitute: (2) Subsection (1) does not prevent investment, under section 59 of the Public Governance, Performance and Accountability Act 2013, of money that is not immediately required for the purposes of the Corporation. Tertiary Education Quality and Standards Agency Act 2011 213 Section 5 (definition of strategic plan) Repeal the definition. 214 Subdivision A of Division 7 of Part 8 (heading) Repeal the heading, substitute: