Commonwealth legislation

Financial Management and Accountability Act 1997 - Determination to Establish Component of the Reserved Money Fund (Australian Archives Projects and Sponsored Activities 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This Act has been repealed and is no longer in force. It is retained for historical reference.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

The determination creates the "Australian Archives Projects and Sponsored Activities Reserve" — a dedicated government reserve account for the National Archives to hold and manage donated or sponsored money. It allows funds held in trust and payments earmarked for Archives projects to be transferred into the reserve and limits spending to projects supported by those donations or sponsorships, keeping such contributions separate from general taxpayer 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 (Australian Archives Projects and Sponsored Activities Reserve) (07/04/1998).

Financial Management and Accountability Act 1997 - Determination to Establish Component of the Reserved Money Fund (Australian Archives Projects and Sponsored Activities Reserve) (07/04/1998)

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 Department of Communications and the Arts -Australian Archives Projects and Sponsored Activities 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:

money that is held in trust for, or otherwise for the benefit of, a person other than the Commonwealth;
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 on projects which are supported by sponsorships or donations.

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.

1 Financial Management and Accountability Act 1997 - Determination to Establish Component of the Reserved Money Fund (Australian Archives Projects and Sponsored Activities Reserve) (07/04/1998)