CSS Special Account

I, Nick Minchin, Minister for Finance and Administration, pursuant to section 20 of the Financial Management and Accountability Act 1997, hereby:

(1) establish a Special Account to be called the CSS Special Account (‘the Account’);

(2) determine that the following amounts may be credited to the Account:

(a) amounts appropriated for the purposes of the Account;

(b) amounts received by ComSuper as revenue in the course of the performance by the Commissioner of Superannuation of functions relating to the CSS Scheme;

(c) amounts received by ComSuper in relation to the administration by the CSS Board of the CSS Scheme;

(d) amounts paid from the CSS Fund in relation to expenditure that is:

(i) incurred by the CSS Board on the management or investment of the CSS Fund; and

(ii) is to be met from the Account;

(3) determine that amounts may be debited to the Account for expenditure relating to:

(a) the administration of the CSS Scheme by the CSS Board;

(b) the performance of any other function conferred on the CSS Board under legislation; and

(c) the management and investment of the CSS Fund by the CSS Board, where a corresponding amount has been or is to be credited to the Account from the CSS Fund in respect of such expenditure; and

(4) determine that no credits to, or debits of, the Account take place before 1 July 2002.

Nick Minchin

Minister for Finance and Administration

14 June 2002