I, LINDSAY TANNER, Minister for Finance and Deregulation, make this Determination under subsections 20 (2) and (3) of the Financial Management and Accountability Act 1997.

Dated 5^th May 2009

Lindsay Tanner

1              Name of Determination

                This Determination is the Financial Management and Accountability Determination 2009/10 — Defence Endowments Account Variation and Abolition 2009.

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 Defence Endowments Account.

4              Abolition

                The Defence Endowments 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 Defence Endowments Account reaches zero.

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Department of Defence, item for Defence Endowments Reserve, second column

omit

For expenditure in accordance with the conditions of each endowment.

insert

(1)        For expenditure in accordance with the conditions of each endowment.

(2)        To credit amounts to the Defence Endowments Special Account.