Commonwealth legislation

Stevedoring Industry Finance Committee Regulations 2001

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

35 of 2001

Collection

legislative instrument

Plain English Summary

1/10 complexity

This regulation sets a $350,000 threshold for contracts entered into by the Stevedoring Industry Finance Committee.

Under the Stevedoring Industry Finance Committee Act 1977, section 19 requires specific governance steps—such as ministerial approvals or public reporting—when the Committee proposes contracts above a certain value. This regulation fixes that prescribed amount at $350,000.

Who it affects:

The Stevedoring Industry Finance Committee, which must track contract values and follow additional compliance steps when spending reaches this limit.
Suppliers and contractors bidding for Committee work, as deals at or above this value face greater scrutiny and procedural requirements.

Why it matters: This dollar figure acts as a financial tripwire. When the Committee intends to commit $350,000 or more to a single contract, statutory transparency and oversight mechanisms automatically activate to safeguard public expenditure in the stevedoring sector.

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Stevedoring Industry Finance Committee Regulations 2001

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Stevedoring Industry Finance Committee Regulations 2001

Statutory Rules 2001 No. 351

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Stevedoring Industry Finance Committee Act 1977.

Dated 22 February 2001

WILLIAM DEANE

Governor-General

By His Excellency's Command

IAN MACDONALD

Minister for Regional Services, Territories

and Local Government

1 Name of Regulations

These Regulations are the Stevedoring Industry Finance Committee Regulations 2001.

2 Commencement

These Regulations commence on gazettal.

3 Amount for contracts (Act s 19)

For section 19 of the Act, the prescribed amount is $350 000.

Note

1. Notified in the Commonwealth of Australia Gazette on 1 March 2001.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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Stevedoring Industry Finance Committee Regulations 2001

Statutory Rules 2001 No. 351

Dated 22 February 2001

WILLIAM DEANE

Governor-General

By His Excellency's Command

IAN MACDONALD

Minister for Regional Services, Territories

and Local Government

1 Name of Regulations

These Regulations are the Stevedoring Industry Finance Committee Regulations 2001.

2 Commencement

These Regulations commence on gazettal.

3 Amount for contracts (Act s 19)

For section 19 of the Act, the prescribed amount is $350 000.

Note

1. Notified in the Commonwealth of Australia Gazette on 1 March 2001.