Commonwealth legislation

Financial Management and Accountability Act 1997 - Determination to Establish Component of the Reserved Money Fund (Financial Action Task Force - Asia Pacific Group Secretariat Reserve) (07/04/1998)

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

2/10 complexity

This instrument creates a dedicated government reserve within the Reserved Money Fund to hold and manage funds for the Asia/Pacific Group on Money Laundering Secretariat. Funds may be transferred from the Consolidated Revenue Fund by parliamentary appropriation, matching fees, or international contributions, and may be used only for the Secretariat’s operating costs. It affects the host agency (then the National Crime Authority) and contributing/benefiting Asia‑Pacific jurisdictions, ensuring transparent, audited separation from general government funds.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Act 1997 - Determination to Establish Component of the Reserved Money Fund (Financial Action Task Force - Asia Pacific Group Secretariat Reserve) (07/04/1998).

Financial Management and Accountability Act 1997 - Determination to Establish Component of the Reserved Money Fund (Financial Action Task Force - Asia Pacific Group Secretariat Reserve) (07/04/1998)

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SECTION 20 OF THE FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997

DETERMINATION TO ESTABLISH COMPONENT OF THE RESERVED MONEY FUND

I, Graham Millar, Branch Manager, Financial Framework, pursuant to powers delegated to me by the Finance Chief Executive under section 53 of the Financial Management and Accountability Act 1997, determine, for the purposes of section 20 of that Act, that the National Crime Authority – Financial Action Task Force – Asia Pacific Group Secretariat Reserve is established as a component of the Reserved Money Fund.

I further determine that:

(a) amounts of the following kinds may be transferred from the Consolidated Revenue Fund to this component:

all money appropriated by law for the purpose of payment into the component;
all money received in consideration for any service, benefit, activity, transaction or other matter which is congruent with the expenditure purposes of the component;
all money paid to the Commonwealth by any person for the expenditure purposes of the component; and,

(b) the purposes for which amounts may be debited to the component are:

for expenditure relating to the operations of the Secretariat to the Financial Action Task Force – Asia/Pacific Group.

Graham Millar

Delegate of the Finance Chief Executive

7/4/98

Source text

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