Federal Register of Legislation - Australian Government

Skip to primary navigation Skip to primary content
Federal Register of Legislation Skip to Content
SearchOpen search

Primary content

Bookmark

this version | go to latest

Financial Management and Accountability Determination 2006/61 - The Telstra Public Share Offer Account Variation and Abolition 2006

Authoritative Version
2006/61 Determinations/Financial (Other) as made
This Determination varies The Telstra Public Share Offer Account and sets out the conditions under which The Telstra Public Share Offer 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 Telstra Public Share Offer 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 Telstra Public Share Offer 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 13 Oct 2006
Tabling HistoryDate
Tabled HR16-Oct-2006
Tabled Senate16-Oct-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Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014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                          11 October 2006

Nick Minchin

 

1              Name of Determination

                This Determination is the Financial Management and Accountability Determination 2006/61 — The Telstra Public Share Offer 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 Telstra Public Share Offer Account.

4              Abolition

                The Telstra Public Share Offer 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 Telstra Public Share Offer Account reaches zero.

 

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Department of Finance and Administration, item for The Telstra Public Share Offer Reserve, second column

omit

For disbursement of application moneys following the allocation of shares in the Telstra Public Share Offer.

insert

(1)   For disbursement of application moneys following the allocation of shares in the Telstra Public Share Offer.

(2)   To credit amounts to the Telstra Sale Special Account.