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 2006/41 — Australian International Education Foundation International Marketing 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 entitled Initial Determination to Establish Components of the Reserved Money Fund which established, among others, the Australian International Education Foundation International Marketing Account.

4              Abolition

                The Australian International Education Foundation International Marketing 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 Australian International Education Foundation International Marketing Account reaches zero.

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Department of Education Science and Training, item for Australian International Education Foundation International Marketing Reserve, second column

omit

For expenditure for international marketing of Australian education and training services, but, in respect of any payments for goods and services provided by any Commonwealth agency, only those obtained on a commercial basis.

insert

(1)                      For expenditure for international marketing of Australian education and training services, but, in respect of any payments for goods and services provided by any Commonwealth agency, only those obtained on a commercial basis.

(2)                      To credit amounts to the International Marketing of Education Special Account.