Commonwealth legislation

Education Investment Fund General Drawing Rights Limit Declaration 2009

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

What this does: This declaration sets a spending cap (called a "general drawing rights limit") on the Education Investment Fund for the 2008–2009 financial year.

Key details:

Amount: $106,327,000 (approximately $106.3 million)
Period: Financial year ending 30 June 2009
Legal basis: Made under the Nation‑building Funds Act 2008

Who it affects: This primarily affects government decision‑makers managing the Education Investment Fund, which finances major education infrastructure projects (like university buildings and research facilities). It ensures withdrawals from the fund do not exceed the specified limit for that year.

Why it matters: It acts as a budgetary control mechanism, limiting how much public money can be committed from the fund in a single financial year.

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Current sections

Direct links to the current provisions in Education Investment Fund General Drawing Rights Limit Declaration 2009.

Education Investment Fund General Drawing Rights Limit Declaration 2009

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Education Investment Fund General Drawing Rights Limit Declaration 20091

Nation‑building Funds Act 2008

I, LINDSAY TANNER, Minister for Finance and Deregulation, make this Declaration under paragraph 199 (1) (a) of the Nation‑building Funds Act 2008.

Dated 25 May 2009

LINDSAY TANNER

Minister for Finance and Deregulation

1 Name of Declaration

This Declaration is the Education Investment Fund General Drawing Rights Limit Declaration 2009.

2 Commencement

This Declaration commences on the day it is registered.

3 General drawing rights limit for 2008–2009

For the purposes of section 199 of the Nation‑building Funds Act 2008, the general drawing rights limit in relation to the financial year ending on 30 June 2009 is $106 327 000.

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 Education Investment Fund General Drawing Rights Limit Declaration 2009