Financial Management and Accountability (Special Accounts) Determination 2002/01

 

I NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make this Determination under subsection 20 (1) of the Financial Management and Accountability Act 1997.

 

Dated 12 March 2002

 

 

 

 

 

 

 

Nick Minchin

 

Minister for Finance and Administration

 

 

 

This Determination is the Financial Management and Accountability (Special Accounts Determination 2002/01.

Note   This Determination commences in accordance with section 22 of the Financial Management and Accountability Act 1997.

 

(1)     A Special Account is established with the name of Overseas Property Account, to be administered by the Department of Foreign Affairs and Trade.

(2)     The purpose of the Overseas Property Account is to provide for:

(a)          expenditure related to the real property of the Commonwealth outside Australia, including expenditure on acquisition or leasing of property; construction, repairs, maintenance, management, running costs and financing costs; and

(b)          payments to the CRF, as agreed from time to time by the Finance Minister and the relevant Minister; and

(c)          payments to the CRF required by law.

(3)     The following may be credited to the Overseas Property Account:

(a)          all amounts appropriated by law for the purposes mentioned in paragraph (2) (a);

(b)          all amounts received by the Commonwealth in consideration for any  service, benefit, activity, transaction or other matter that is done or provided for the purposes mentioned in paragraph (2) (a).

 

Any amount that was, immediately before the commencement of this Determination, credited to the Property Account established by the Financial Management and Accountability (Special Accounts) Determination 2000/15 in relation to the real property of the Commonwealth outside Australia is credited to the Overseas Property Account immediately after the commencement.