Federal Register of Legislation - Australian Government

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Determinations/Financial (Other) as made
The Determination effects the crediting of $7.0 billion, arising from the 2006-07 Government Budget surplus, to the Future Fund.
Administered by: Finance
Registered 24 Aug 2007
Tabling HistoryDate
Tabled Senate10-Sep-2007
Tabled HR11-Sep-2007
Date of repeal 17 Oct 2014
Repealed by Spent and Redundant Instruments Repeal Regulation 2014 (No. 2)

We, PETER HOWARD COSTELLO, Treasurer, and NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make this Determination under paragraph 3 (1) (a) and subparagraph 3 (2) (a) (i) of Schedule 1 to the Future Fund Act 2006.

Dated 23 August 2007

PETER COSTELLO                                       NICK MINCHIN


  

  

1          Name of Determination

                This Determination is the Future Fund (Crediting of Additional Amounts) Determination 2007 (No. 3).

2          Commencement

                This Determination commences on the day on which it is registered.

Note   Section 42 of the Legislative Instruments Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see subclause 3 (5) of Schedule 1 to the Future Fund Act 2006.

3          Crediting of additional amounts

                For paragraph 3 (1) (a) of Schedule 1 to the Future Fund Act 2006, $7 000 000 000 is to be credited to the Fund Account on 24 August 2007.

Note   The Fund Account is the Future Fund Special Account established by section 12 of the Future Fund Act 2006.

4          Balance day

                For subparagraph 3 (2) (a) (i) of Schedule 1 to the Future Fund Act 2006, the balance day for this Determination is 20 August 2007.