1 Name of Determination
This Determination is the Financial Management and Accountability Determination 2006/21 — Federation Fund Accounts Variation and Abolition 2006.
2 Commencement
This Determination commences at the time at which subsection 22 (4) of the Financial Management and Accountability Act 1997 is complied with.
Note This Determination takes effect in accordance with section 22 of the Financial Management and Accountability Act 1997. The Parliament must consider the Determination before it can take effect, and either House may pass a resolution disallowing the Determination. If neither House passes such a resolution, the Determination takes effect on the day immediately after the last day upon which such a resolution could have been passed.
3 Variation
Schedule 1 varies the determination entitled Determination Number: 1998/10 which established the Federation Fund Accounts.
4 Abolition
(a) The Federation Fund Account administered by the Department of Communications, Information Technology and the Arts is abolished with effect from the time at which:
(i) Schedule 1 has taken effect; and
(ii) the balance of the appropriation for the Federation Fund Account reaches zero.
(b) The Federation Fund Account administered by the Department of Transport and Regional Services is abolished with effect from the time at which:
(i) Schedule 1 has taken effect; and
(ii) the balance of the appropriation for the Federation Fund Account reaches zero.