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Financial Management and Accountability Determination 2006/21 — Federation Fund Accounts Variation and Abolition 2006

Authoritative Version
  • - F2006L02579
  • No longer in force
2006/21 Determinations/Financial (Other) as made
This Determination varies and abolishes the Federation Fund Account administered by the Department of Communications, Information Technology and the Arts, and the Federation Fund Account administered by the Department of Transport and Regional Services.
Administered by: Finance
Exempt from sunsetting by the Financial Management and Accountability Act 1997 s 20(6), Financial Management and Accountability Act 1997 s 20(7)
Registered 04 Aug 2006
Tabling HistoryDate
Tabled HR08-Aug-2006
Tabled Senate09-Aug-2006
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

I, NICK MINCHIN, Minister for Finance and Administration, make this Determination under subsections 20 (2) and (3) of the Financial Management and Accountability Act 1997.

Dated                             26 JULY 2006

Nick Minchin

 

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.

 

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           After part (b), first dot point

insert

§         to credit amounts to the:

(i)                  Federation Fund – Department of Communications, Information Technology and the Arts Special Account; or

(ii)                Federation Fund – Department of Transport and Regional Services Special Account.