Federal Register of Legislation - Australian Government

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Determinations/Other as made
This Determination specifies that the balance of the Telstra Sale Special Account as at 9.00 am AEST on 26 June 2009 is to be credited to the Building Australia Fund. This credit is to occur as soon as practicable after the time specified.
Administered by: Finance
Registered 12 Jun 2009
Tabling HistoryDate
Tabled HR15-Jun-2009
Tabled Senate15-Jun-2009
Date of repeal 17 Oct 2014
Repealed by Spent and Redundant Instruments Repeal Regulation 2014 (No. 2)

We, WAYNE SWAN, Treasurer, and LINDSAY TANNER, Minister for Finance and Deregulation, make this Determination under subsection 17(1) of the                 Nation-building Funds Act 2008.

Dated 9 June 2009

Wayne Swan                                                                Lindsay Tanner

Treasurer                                                                   Minister for Finance and Deregulation


1              Name of Determination

                This Determination is the Building Australia Fund (Credit of Telstra Sale Special Account Balance) Determination 2009.

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 the disallowance of legislative instruments) does not apply to this instrument: see subsection 17(3) of the Nation-building Funds Act 2008.


 

3              Credit of Telstra Sale Special Account Balance

                For subsection 17(1) of the Nation-building Funds Act 2008, an amount equal to the balance of the Telstra Sale Special Account, as at 9.00 am Australian Eastern Standard Time on 26 June 2009, is to be debited from the Telstra Sale Special Account and credited to the Building Australia Fund Special Account.

Note   The Telstra Sale Special Account was established under subsection 20(1) of the Financial Management and Accountability Act 1997 by the Financial Management and Accountability Determination 2006/62 - Telstra Sale Special Account Establishment 2006.

 

Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.