Financial Management and Accountability Determination 2006/73 Australian Customs Service – Security Deposits Account Variation and Abolition 2006

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

Dated 8 November 2006

Nick Minchin

Minister for Finance and Administration

 

1 Name of Determination

  This Determination is the Financial Management and Accountability Determination 2006/73 — Australian Customs Service – Security Deposits Account Variation and Abolition 2006.

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 Australian Customs Service – Security Deposits Account.

4 Abolition

  The Australian Customs Service – Security Deposits 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 Australian Customs Service – Security Deposits Account reaches zero.

 

Schedule 1 Variation

(section 3)

[1] Determination, attachment, Australian Customs Service, item for Security Deposits Reserve, second column

after

For expenditure dealing with moneys required to be lodged under Sections 42 and 162 of the Customs Act 1901.

insert

To credit amounts to the Security Deposits Special Account.