EXPLANATORY STATEMENT

Issued by the Authority of the Minister for Finance and Deregulation

FMA Act Determination 2008/41— Section 32 (Transfer of Functions from Medicare Australia to Health)

Subsection 32(2) of the Financial Management and Accountability Act 1997 (FMA Act) provides that the Minister for Finance and Deregulation (Finance Minister) may, by determination, amend Schedules to annual Appropriation Acts to transfer appropriations in connection with the transfer of a function between agencies under the FMA Act. The determination has the effect of amending the Schedules concerned in accordance with the determination.

This power has been delegated from the Finance Minister to the Secretary of the Department of Finance and Deregulation under section 62 of the FMA Act.

The purpose of this Determination is to allow a transfer of appropriations from Medicare Australia to the Department of Health and Ageing (Health).  The appropriation amounts transferred are as follows:

·        From annual Appropriation Act (No. 1) 2007-2008 an amount of $1,607,000.00 of the departmental item for Medicare Australia to the departmental item for Health; and

·        From annual Appropriation Act (No. 2) 2007-2008 an amount of $1,473,000.00 other departmental item (Equity Injections) for Medicare Australia to the other departmental item (Equity Injections) for Health.

In accordance with the Legislative Instruments Act 2003, Medicare Australia and Health were consulted in the preparation of this instrument.

The Determination is a legislative instrument for the purposes of the Legislative Instruments Act 2003.