{"id":"F2006L02565","name":"Financial Management and Accountability Determination 2006/27 - Trustee Companies (ACT) Deposits Trust Account Abolition 2006","slug":"financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":59826,"registerId":"commonwealth-F2006L02565-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Management and Accountability Determination 2006/27 - Trustee Companies (ACT) Deposits Trust Account Abolition 2006","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nFinancial Management and Accountability Determination 2006/27 — Trustee Companies (ACT) Deposits Trust Account Abolition 2006\n\nI, NICK MINCHIN, Minister for Finance and Administration, make this Determination under subsection 20 (3) of the Financial Management and Accountability Act 1997.\n\nDated 26 JULY 2006\n\nNick Minchin\n\nMinister for Finance and Administration\n\n \n\n1 Name of Determination\n\n  This Determination is the Financial Management and Accountability Determination 2006/27 — Trustee Companies (ACT) Deposits Trust Account Abolition 2006.\n\n2 Commencement\n\n  This Determination commences at the time at which this determination is registered on the Federal Register of Legislative Instruments.\n\n3 Abolition\n\n  The Trustee Companies (ACT) Deposits Trust Account is abolished.\n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1508},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The determination maintains its original narrow scope of abolishing the specified trust account without expanding into other regulatory areas."},"complexity_factors":["Only 3 operative provisions (Name, Commencement, Abolition)","No defined terms or interpretation section","Single administrative action with no conditions, exceptions, or procedural requirements","No cross-references to other legislation beyond the empowering provision noted in the preamble"],"plain_english_summary":"This determination **abolishes** (closes down) a specific government bank account called the **Trustee Companies (ACT) Deposits Trust Account**.\n\n**What it does:**\n- Shuts down a trust account established under the *Financial Management and Accountability Act 1997*\n- This account previously held deposits related to trustee companies operating in the Australian Capital Territory (ACT)\n\n**Who it affects:**\n- Commonwealth government agencies that administered this account\n- Trustee companies that had funds deposited in this account\n\n**Why it matters:**\nThis is a housekeeping measure that removes an outdated financial arrangement. Following changes to how trustee companies are regulated in the ACT, this special government account was no longer needed. Any remaining funds or obligations would be transferred to other appropriate accounts or dealt with under relevant legislation."}},"importantCases":[],"_links":{"self":"/api/acts/financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a","history":"/api/acts/financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a/history","analysis":"/api/acts/financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a/analysis","conflicts":"/api/acts/financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a/conflicts","importantCases":"/api/acts/financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a/important-cases","documents":"/api/acts/financial-management-and-accountability-determination-2006-27-trustee-companies-act-deposits-trust-a/documents"}}