Commonwealth legislation

Building Australia Fund (Subsequent Credit) Determination 2010 (No. 2)

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

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This determination authorises a $2,515,120 credit to the Building Australia Fund on 22 December 2010.

The Building Australia Fund is a government bank account (known as a 'Special Account') established under the Nation-building Funds Act 2008 to finance major infrastructure projects such as roads, railways, and ports.

What this does:

Transfers a specific sum of money into the infrastructure fund
Increases the available pool of money for nation-building projects
Represents a routine administrative allocation of government finances

Who is affected:

Directly: Government officials administering the Building Australia Fund
Indirectly: State and territory governments, local councils, and communities that may receive infrastructure grants or loans from this fund

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Current sections

Direct links to the current provisions in Building Australia Fund (Subsequent Credit) Determination 2010 (No. 2).

Building Australia Fund (Subsequent Credit) Determination 2010 (No. 2)

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Building Australia Fund (Subsequent Credit) Determination 2010 (No.2)1

Nation-building Funds Act 2008

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

Dated 12 December 2010

WAYNE SWAN PENELOPE YING YEN WONG

Treasurer Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Building Australia Fund (Subsequent Credit) Determination 2010 (No.2).

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 $2,515,120.00 is to be credited to the Building Australia Fund Special Account on 22 December 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 (No. 2)