Federal Register of Legislation - Australian Government

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Early Years Quality Fund Special Account Act 2013

Authoritative Version
  • - C2013A00110
  • In force - Superseded Version
  • View Series
Act No. 110 of 2013 as made
An Act to establish the Early Years Quality Fund Special Account, and for related purposes
Administered by: Education
Originating Bill: Early Years Quality Fund Special Account Bill 2013
Registered 10 Jul 2013
Date of Assent 29 Jun 2013
Table of contents.

 

 

 

 

 

 

Early Years Quality Fund Special Account Act 2013

 

No. 110, 2013

 

 

 

 

 

An Act to establish the Early Years Quality Fund Special Account, and for related purposes

  

  

  


Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Object.................................................................................................. 2

4............ Definitions.......................................................................................... 2

5............ Early Years Quality Fund Special Account......................................... 2

6............ Credits to the Early Years Quality Fund Special Account................... 2

7............ Purpose of the Early Years Quality Fund Special Account................. 3

 


 

 

Early Years Quality Fund Special Account Act 2013

No. 110, 2013

 

 

 

An Act to establish the Early Years Quality Fund Special Account, and for related purposes

[Assented to 29 June 2013]

 

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Early Years Quality Fund Special Account Act 2013.

2  Commencement

                   This Act commences on 1 July 2013.

3  Object

                   The object of this Act is to improve quality outcomes for children in early childhood education and care services by enhancing professionalism in the early childhood education and care sector, including through improved attraction and retention of a skilled and professional workforce.

4  Definitions

                   In this Act:

approved centre based long day care service has the same meaning as in the A New Tax System (Family Assistance) (Administration) Act 1999.

5  Early Years Quality Fund Special Account

             (1)  The Early Years Quality Fund Special Account is established by this section.

             (2)  The Early Years Quality Fund Special Account is a Special Account for the purposes of the Financial Management and Accountability Act 1997.

6  Credits to the Early Years Quality Fund Special Account

                   On the day mentioned in column 1 of an item in the following table, there is to be credited to the Early Years Quality Fund Special Account the amount mentioned in column 2 of that item:

 

Credits to the Early Years Quality Fund Special Account

Item

Column 1

Day

Column 2

Amount

1

1 July 2013

$135,000,000

2

1 July 2014

$165,000,000

 

7  Purpose of the Early Years Quality Fund Special Account

                   The purpose of the Early Years Quality Fund Special Account is to provide funding to approved centre based long day care services, to be used exclusively for paying remuneration, and other employment‑related costs and expenses, in relation to employees in the early childhood education and care sector.

Note:          See section 21 of the Financial Management and Accountability Act 1997 (debits from Special Accounts).

 

 

 

[Minister’s second reading speech made in—

House of Representatives on 30 May 2013

Senate on 28 June 2013]

 

(140/13)