Federal Register of Legislation - Australian Government

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2006/63 Determinations/Financial (Other) as made
This Determination varies the Business Services Trust Account and sets out the conditions under which the Business Services Trust 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 Business Services Trust 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 Business Services Trust 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Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014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 2006/63 — Business Services Trust 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 Commercial Activities Fund which established, among others, the  Business Services Trust Account.

4              Abolition

                The Business Services Trust 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 Business Services Trust Account reaches zero.

 


Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Department of Finance and Administration, item for Business Services Trust Account, second column

omit

For expenditure relating to:

(a)    (i)  the provision of services and matters incidental thereto being in the field of transport, printing, publishing, procurement, disposal, protection, guarding, security, storage, warehousing, packaging, analytical testing, laboratory valuation, construction project management, equipment management contract administration, real property agency, property management, surveying, land information, construction, construction design, information technology, establishment and facilities management, administrative, and related services, and any combination, co-ordination or arrangement of the above mentioned services to the Commonwealth or to a Commonwealth body or to a company over which the Commonwealth or a Commonwealth body is able to exercise control, inside or outside Australia.

(ii)  the provision of services referred to in (i) above and matters incidental thereto, to any other person or persons, inside or outside Australia.

(b)    For expenditure relating to each of the following trust accounts pending its closure Australian Government Analytical Laboratory Trust Account; Purchasing and Sales Group Trust Account; Australian Government Services Trust Account; Australian Protective Service Trust Account; Australian Property Service Trust Account; Transport and Storage Group Trust Account; Australian Valuation Office Trust Account; Australian Survey and Land Information Group Trust Account;

(3)    For expenditure comprising notional payments of moneys to the Official Public Account.

insert

For expenditure relating to:

(a)    (i)  the provision of services and matters incidental thereto being in the field of transport, printing, publishing, procurement, disposal, protection, guarding, security, storage, warehousing, packaging, analytical testing, laboratory valuation, construction project management, equipment management contract administration, real property agency, property management, surveying, land information, construction, construction design, information technology, establishment and facilities management, administrative, and related services, and any combination, co-ordination or arrangement of the above mentioned services to the Commonwealth or to a Commonwealth body or to a company over which the Commonwealth or a Commonwealth body is able to exercise control, inside or outside Australia;

(ii)  the provision of services referred to in (i) above and matters incidental thereto, to any other person or persons, inside or outside Australia.

(b)    For expenditure relating to each of the following trust accounts pending its closure: Australian Government Analytical Laboratory Trust Account; Purchasing and Sales Group Trust Account; Australian Government Services Trust Account; Australian Protective Service Trust Account; Australian Property Service Trust Account; Transport and Storage Group Trust Account; Australian Valuation Office Trust Account; Australian Survey and Land Information Group Trust Account.

(c)    For expenditure comprising notional payments of moneys to the Official Public Account.

(d)    To credit amounts to the Business Services Special Account.