Commonwealth legislation

Building Australia Fund (Subsequent Credit) Determination 2010

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

This determination authorises the Australian Government to deposit $80.14 million into the Building Australia Fund on 17 May 2010.

What is this? The Building Australia Fund is a special government account used to pay for major infrastructure projects (like roads, rail, and ports). This document is a formal instruction from the Treasurer and Finance Minister to credit a specific amount to that account.

Why does it matter? This is a routine administrative step that makes money available for nation-building projects. The determination is made under the Nation-building Funds Act 2008, which sets up the legal framework for these special accounts and allows the government to add money to them.

Key details:

Amount: $80,140,000.00
Date: 17 May 2010
Account: Building Australia Fund Special Account
Protection from disallowance: Unlike many legislative instruments, this cannot be overturned by Parliament (as noted in the document)

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Current sections

Direct links to the current provisions in Building Australia Fund (Subsequent Credit) Determination 2010.

Building Australia Fund (Subsequent Credit) Determination 2010

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Building Australia Fund (Subsequent Credit) Determination 20101

Nation-building Funds Act 2008

We, WAYNE SWAN, Treasurer, and LINDSAY TANNER, Minister for Finance and Deregulation, make this Determination under subsection 15(1) of the Nation-building Funds Act 2008.

Dated May 5 2010

Wayne Swan Lindsay Tanner

Treasurer Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Building Australia Fund (Subsequent Credit) Determination 2010.

2 Commencement

This Determination commences on the day on which it is registered.

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 15(3) of the Nation-building Funds Act 2008.

3 Subsequent credit

For paragraph 15(1)(a) of the Nation-building Funds Act 2008, the amount of $80,140,000.00 is to be credited to the Building Australia Fund Special Account on 17 May 2010.

Note The Building Australia Fund Special Account is established by section 13 of the Nation-building Funds Act 2008.

Note

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.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Building Australia Fund (Subsequent Credit) Determination 2010