Federal Register of Legislation - Australian Government

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2007/05 Determinations/Financial (Other) as made
This Determination is required to ensure the balance standing to the credit of this special account reduces to zero, at which time abolition of it will occur.
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 PSS Special Account is abolished with effect from the time at which:
(a) Schedule 1 has taken effect, and
(b) the balance of the apprpriation for the PSS Special 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 08 Jun 2007
Tabling HistoryDate
Tabled HR13-Jun-2007
Tabled Senate13-Jun-2007
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014
Table of contents.

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 6 June 2007

Nick Minchin

 


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.

 


Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Section 2

            omit