{"id":"F2007B00743","name":"Direction under section 32, Financial Management and Accountability Act 1997 - Adjustments of Appropriations on Change of Agency Functions (No. 4 of 1999-2000)","slug":"f2007b00743","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":340338,"registerId":"commonwealth-F2007B00743-current","compilationNumber":null,"startDate":"2026-04-08","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"DIRECTION UNDER SECTION 32, FINANCIAL MA","sectionType":"part","heading":"DIRECTION UNDER SECTION 32, FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997","content":"# ![](image.001.png)  \nDIRECTION UNDER SECTION 32, FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997\n\nI, Phillip Prior, SES Band 2, Budget Coordination Unit, Department of Finance and Administration, pursuant to section 32 of the Financial Management and Accountability Act 1997, hereby direct that the moneys listed in column 4 of the attached schedule for the items listed in column 1, be transferred from the 'old agency' listed in column 2 to the 'new agency' listed in column 3.\n\n| Column 1                           | Column 2   | Column3                                   | Column 4       |\n| ---------------------------------- | ---------- | ----------------------------------------- | -------------- |\n| Appropriation Item                 | Old Agency | New Agency                                | $              |\n| Administered Capital – Bill 2      | Treasury   | Australian Office of Financial Management | 80,195,000     |\n| Special Appropriations – Outcome 1 | Treasury   | Australian Office of Financial Management | 24,682,475,000 |\n| Departmental Loans – Bill 2        | Treasury   | Australian Office of Financial Management | 749,000        |\n\nPhillip Prior  \n7 September 1999 No. 4 of 1999-2000","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1760},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The direction precisely implements the statutory purpose of section 32 of the FMA Act—adjusting appropriations when agency functions change—with no expansion beyond this specific machinery-of-government administrative transfer."},"complexity_factors":["Single administrative table with only three line items","No defined terms or interpretation sections","No conditional logic, exceptions, or cross-references","Direct exercise of statutory power under clear authority (section 32 of the FMA Act)"],"plain_english_summary":"This direction transfers **budget funding** (appropriations) from the Treasury to the **Australian Office of Financial Management (AOFM)**.\n\n**What it does**\nWhen government functions move from one agency to another, the money attached to those functions must move too. This document formally shifts approximately **$24.76 billion** from Treasury to the AOFM, which took over debt management and financial operations previously handled by Treasury.\n\n**The transfers**\n* **Administered Capital** ($80.2m): Funding for assets and investments controlled by the government on behalf of the public\n* **Special Appropriations** ($24.68bn): Automatic ongoing funding authorised by existing legislation (primarily for government debt management)  \n* **Departmental Loans** ($749,000): Short-term working capital for day-to-day operations\n\n**Why it matters**\nThis ensures the AOFM has immediate legal authority to spend money from the day it begins operating, rather than waiting for new budget legislation to pass."}},"importantCases":[],"_links":{"self":"/api/acts/f2007b00743","history":"/api/acts/f2007b00743/history","analysis":"/api/acts/f2007b00743/analysis","conflicts":"/api/acts/f2007b00743/conflicts","importantCases":"/api/acts/f2007b00743/important-cases","documents":"/api/acts/f2007b00743/documents"}}