Financial Management and Accountability Determination 2009/01 — Young Endeavour Youth Program Operating Fund Account Variation and Abolition 2009

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 January 28th 2009

Lindsay Tanner

Minister for Finance and Deregulation

1 Name of Determination

  This Determination is the Financial Management and Accountability Determination 2009/01 — Young Endeavour Youth Program Operating 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 Young Endeavour Youth Program Operating Fund Account.

4 Abolition

  The Young Endeavour Youth Program Operating 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 Young Endeavour Youth Program Operating Fund Account reaches zero.

Schedule 1 Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1] Determination, attachment, Department of Defence, item for Young Endeavour Youth Program Operating Fund Reserve, second column

omit

For expenditure in relation to:

(1)                      the payment to suppliers or a notional payment to the Official Public Account of moneys due in connection with the operation and activities of the STS Young Endeavour;

(2)                      the payment of refunds to persons entitled to such refunds in connection with the operation and activities of the STS Young Endeavour; and

(3)                      the payment of moneys as specified by the Young Endeavour Youth Program Board of Management, for purposes relating to the operation of the Young Endeavour, or by the Commonwealth.

insert

For expenditure in relation to:

(1)                      The payment to suppliers or a notional payment to the Official Public Account of moneys due in connection with the operation and activities of the STS Young Endeavour.

(2)                      The payment of refunds to persons entitled to such refunds in connection with the operation and activities of the STS Young Endeavour.

(3)                      The payment of moneys as specified by the Young Endeavour Youth Program Board of Management, for purposes relating to the operation of the STS Young Endeavour, or by the Commonwealth.

(4)                      Crediting amounts to the Young Endeavour Youth Program Special Account.