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Financial Management and Accountability Determination 2006/39 - National Science and Technology Centre Account Variation and Abolition 2006

Authoritative Version
2006/39 Determinations/Financial (Other) as made
This Determination varies the National Science and Technology Centre Account and sets out the conditions under which the National Science and Technology Centre Account will be abolished.
Administered by: Finance
General Comments: This Determination takes effect on the day immediately after the last day on which a House of Parliament could have passed a resolution disallowing it (see s 22(4) of the Financial Management and Accountability Act 1997).

The National Science and Technology Centre Account is abolished with effect from the time at which:
(a) Schedule 1 has taken effect; and
(b) the balance of the appropriation for the National Science and Technology Centre Account reaches zero.
Exempt from sunsetting by the Financial Management and Accountability Act 1997 s 20(6), Financial Management and Accountability Act 1997 s 20(7)
Registered 31 Aug 2006
Tabling HistoryDate
Tabled HR04-Sep-2006
Tabled Senate04-Sep-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Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014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                            17 August 2006

Nick Minchin

 

1              Name of Determination

                This Determination is the Financial Management and Accountability Determination 2006/39 — National Science and Technology Centre Account 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 entitles Initial Determination to Establish Components of the Reserved Money Fund which established, among others, the National Science and Technology Centre Account.

4              Abolition

                The National Science and Technology Centre Account is abolished with effect from the time at which:

(a)              Schedule 1 has taken effect; and

(b)             The balance of the appropriation for the National Science and Technology Centre Account reaches zero.

 

 

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Department of Communications and the Arts, item for National Science and Technology Reserve, second column

omit

For expenditure of contributions and donations in accordance with their terms.

insert

(1)                      For expenditure of contributions and donations in accordance with their terms.

(2)                      To credit amounts to the Science and Technology Donations/Sponsorship Special Account.