{"id":"F2009L02301","name":"Building Australia Fund (Credit of Telstra Sale Special Account Balance) Determination 2009","slug":"building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":162182,"registerId":"commonwealth-F2009L02301-current","compilationNumber":null,"startDate":"2026-04-04","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Building Australia Fund (Credit of Telstra Sale Special Account Balance) Determination 2009","content":"![](image.001.png)\n\nBuilding Australia Fund (Credit of Telstra Sale Special Account Balance) Determination 20091\n\nNation-building Funds Act 2008\n\nWe, 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.\n\nDated 9 June 2009\n\nWayne Swan Lindsay Tanner\n\nTreasurer Minister for Finance and Deregulation\n\n1 Name of Determination\n\nThis Determination is the Building Australia Fund (Credit of Telstra Sale Special Account Balance) Determination 2009.\n\n2 Commencement\n\nThis Determination commences on the day on which it is registered.\n\n> 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.\n\n3 Credit of Telstra Sale Special Account Balance\n\nFor 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.\n\n> 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.\n\n> Note\n\n> 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.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1150},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The determination is narrowly tailored to its specific purpose: transferring the balance of one specified account to another on a particular date. There is no expansion beyond the original intent."},"complexity_factors":["Only 3 sections with a single operative provision","No definitions section or technical terminology","Minimal cross-referencing (only to parent Act and account establishment instrument)","Straightforward debit/credit transaction with fixed date and time"],"plain_english_summary":"This determination moves money from the government's Telstra sale proceeds into a fund for national infrastructure projects.\n\n**What it does**\nThe legislation transfers the entire remaining balance of the *Telstra Sale Special Account* (as at 9:00 am on 26 June 2009) into the *Building Australia Fund Special Account*.\n\n**Why this matters**\nWhen the government sold its shares in Telstra (the former state-owned telecommunications company), the money went into a special holding account. This determination empties that account and puts the funds into the Building Australia Fund, which pays for major infrastructure like roads, railways, and ports.\n\n**Who it affects**\nThis is an internal government accounting exercise. It doesn't change individual rights or obligations, but it makes the Telstra privatization proceeds available for nation-building projects."}},"importantCases":[],"_links":{"self":"/api/acts/building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009","history":"/api/acts/building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009/history","analysis":"/api/acts/building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009/analysis","conflicts":"/api/acts/building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009/conflicts","importantCases":"/api/acts/building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009/important-cases","documents":"/api/acts/building-australia-fund-credit-of-telstra-sale-special-account-balance-determination-2009/documents"}}