1 Name of Determination
This Determination is the Financial Management and Accountability Determination 2007/05 — PSS Special Account Variation and Abolition 2007.
2 Commencement
This Determination commences at the latter of:
(a) the time at which subsection 22 (4) of the Financial Management and Accountability Act 1997 is complied with;
(b) the commencement of the Financial Management and Accountability Determination 2007/04 — Australian Reward Investment Alliance Special Account Establishment 2007.
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 Determination by the Minister for Finance and Administration under section 20 of the Financial Management and Accountability Act 1997 made on 14 June 2002, that established the PSS Special Account, with effect from the commencement of the Financial Management and Accountability Determination 2007/04 — Australian Reward Investment Alliance Special Account Establishment 2007.
4 Abolition
The PSS Special 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 PSS Special Account reaches zero.