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                        8 November 2006

Nick Minchin

1              Name of Determination

                This Determination is the Financial Management and Accountability Determination 2006/75 — Industry Related Systems Development 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 Industry Related Systems Development Account.

4              Abolition

                The Industry Related Systems Development 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 Industry Related Systems Development Account reaches zero.

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Australian Customs Service, item for Industry Related Systems Development Reserve, second column

omit

For expenditure on industry related development of Australian Customs Service systems.

insert

(a) For expenditure on industry related development of Australian Customs Service systems.

(b) To credit amounts to the Industry Related Systems Development Special Account.