Summary
Amends the Sydney Harbour Federation Trust Act 2001 to: implement certain recommendations of the Independent Review of the Sydney Harbour Federal Trust by enabling the Harbour Trust to operate as an ongoing entity, amending processes relating to the appointment of members, increasing the threshold for ministerial approval of contracts to $5 million and providing for indexation of the threshold amount, and amending the processes for entering into long-term leases or licences; extend the existing regulation-making powers; establish compliance and enforcement powers; and make amendments contingent on the commencement of the Federal Circuit and Family Court of Australia Act 2021.