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Financial Management and Accountability Determination 2009/12 – Fedorczenko Legacy Fund Account Variation and Abolition 2009

Authoritative Version
2009/12 Determinations/Financial (Other) as made
This Determination varies Financial Management and Accountability Act 1997 - Initial Determination to Establish Components of the Reserved Money Fund (31/12/1997) and abolishes the Fedorczenko Legacy Fund Account, which was established by the Financial Management and Accountability Act 1997 - Initial Determination to Establish Components of the Reserved Money Fund (31/12/1997).
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 Fedorczenko Legacy Fund Account is abolished with effect from the time at which:
(a) Schedule 1 has taken effect;
(b) the balance of the appropriation for the Fedorczenko Legacy Fund 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 13 May 2009
Tabling HistoryDate
Tabled HR14-May-2009
Tabled Senate14-May-2009
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

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 May 5th 2009

Lindsay Tanner

 

1              Name of Determination

                This Determination is the Financial Management and Accountability Determination 2009/12 — Fedorczenko Legacy Fund 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 Fedorczenko Legacy Fund Account.

4              Abolition

                The Fedorczenko Legacy Fund 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 Fedorczenko Legacy Fund Account reaches zero.

 

Schedule 1        Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1]           Determination, attachment, Department of Defence, item for Fedorczenko Legacy Fund Reserve, second column

omit

For expenditure in relation to the defence of Australia of the residue of the estate of the late Petro Fedorczenko. 

insert

(1)           For expenditure in relation to the defence of Australia of the residue of the estate of the late Petro Fedorczenko.

(2)           To credit amounts to the Fedorczenko Legacy Special Account.