Federal Register of Legislation - Australian Government

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2012/02 Determinations/Financial (Other) as made
This determination abolishes 24 Special Accounts which are no longer required.
Administered by: Finance
General Comments: Each Special Account mentioned in Schedule 1 of this instrument and contained in Financial Management and Accountability Act 1997 - Initial Determination to Establish Components of the Reserved Money Fund (31/12/1997) is abolished on the earlier of: (a) the time when its balance reaches zero; and (b) 30 June 2012. The Australian Archives Projects and Sponsored Activities Special Account contained in Financial Management and Accountability Determination 2006/59 - Australian Archives Projects and Sponsored Activities Special Account Establishment 2006 is abolished on the earlier of: (a) the time when its balance reaches zero; and (b) 30 June 2013. The Office of the Australian Accounting Standards Board Special Account contained in Financial Management and Accountability Determination 2008/18 - Office of the Australian Accounting Standards Board Special Account Establishment 2008 is abolished on the earlier of: (a) the time when its balance reaches zero; and (b) 30 June 2013. The Office of the Auditing and Assurance Standards Board Special Account contained in Financial Management and Accountability Determination 2008/20 - Office of the Auditing and Assurance Standards Board Special Account Establishment 2008 is abolished on the earlier of: (a) the time when its balance reaches zero; and (b) 30 June 2013.
Exempt from sunsetting by the Financial Management and Accountability Act 1997 s 20(7)
Registered 20 Jun 2012
Tabling HistoryDate
Tabled HR25-Jun-2012
Tabled Senate25-Jun-2012
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

Commonwealth Coat of Arms

I, PENELOPE YING YEN WONG, Minister for Finance and Deregulation, make this Determination under subsection 20 (3) of the Financial Management and Accountability Act 1997.

Dated  30th May 2012

 

 


1              Name of Determination

                This Determination is the Financial Management and Accountability (Abolition of 24 Special Accounts) Determination 2012/02.

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 Act. 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              Definition

                In this Determination:

Act means the Financial Management and Accountability Act 1997.

Special Account has the meaning given by section 5 of the Financial Management and Accountability Act 1997.

4                 Abolition – Schedule 1

                Each Special Account mentioned in Schedule 1 is abolished on the earlier of:

                 (a)   the time when its balance reaches zero; and

                 (b)   30 June 2012.

5                 Abolition – Schedule 2

                Each Special Account mentioned in Schedule 2 is abolished on the earlier of:

                (a)    the time when its balance reaches zero; and

                (b)    30 June 2013.

 

Schedule 1        Special Accounts abolished on the earlier of the balance reaching zero and 30 June 2012

(section 4)

Special Account

Agency

Other Trust Moneys Account

Administrative Appeals Tribunal

Other Trust Moneys Account

Australian Communications and Media Authority

Other Trust Moneys Account

Australian Customs and Border Protection Service

Other Trust Moneys Account

Australian Electoral Commission

Other Trust Moneys Account

Australian Human Rights Commission

Other Trust Moneys Account

Australian National Audit Office

Other Trust Moneys Account

Australian Public Service Commission

Other Trust Moneys Account

Australian Securities and Investments Commission

Other Trust Moneys Account

Australian Taxation Office

Other Trust Moneys Account

Australian Trade Commission

Other Trust Moneys Account

Department of Finance and Deregulation

Other Trust Moneys Account

Department of Immigration and Citizenship

Other Trust Moneys Account

Department of the Senate

Other Trust Moneys Account

Department of the Treasury

Other Trust Moneys Account

Department of Veterans’ Affairs

Other Trust Moneys Account

Federal Court of Australia

Other Trust Moneys Account

Insolvency and Trustee Service Australia

Other Trust Moneys Account

National Archives of Australia

Other Trust Moneys Account

National Capital Authority

Other Trust Moneys Account

National Native Title Tribunal

Other Trust Moneys Account

Office of the Fair Work Ombudsman

 

 

Schedule 2        Special Accounts abolished on the earlier of the balance reaching zero and 30 June 2013

(section 5)

Special Account

Agency

Australian Archives Projects and Sponsored Activities Special Account

National Archives of Australia

Office of the Australian Accounting Standards Board Special Account

Office of the Australian Accounting Standards Board

Office of the Auditing and Assurance Standards Board Special Account

Office of the Auditing and Assurance Standards Board