SECTION 21 OF THE FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997

DETERMINATION TO ESTABLISH COMPONENT OF THE COMMERCIAL ACTIVITIES FUND

I, Graham Millar, Branch Manager, Financial Framework, pursuant to powers delegated to me by the Finance Chief Executive under section 53 of the Financial Management and Accountability Act 1997, determine, for the purposes of section 21 of that Act, that the Commonwealth Superannuation Administration Fund is established as a component of the Commercial Activities Fund.

I further determine that:

(a)      amounts of the following kinds may be transferred from the Consolidated Revenue Fund to this component:

§           all money appropriated by law for the purpose of payment into the component;

§           all money received in consideration for any service, benefit, activity, transaction or other matter which is congruent with the expenditure purposes of the component;

(b)     the purposes for which amounts may be debited to the component are for expenditure relating to the provision of:

§           superannuation administration services in respect of the superannuation schemes provided for public sector and military employees and their dependants; and,

§           support services to the Superannuation Schemes Boards of Trustees.

Graham Millar

Delegate of the Finance Chief Executive

12/5/98