Commonwealth legislation

Financial Management and Accountability Act 1997 - Determination 1999/01 - Determination to Establish a Special Account

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 determination creates a dedicated bank account (known as a 'Special Account') for Centrelink under the Financial Management and Accountability Act 1997. It operates like a separate bucket for Centrelink's funds, distinct from general government revenue.

Money coming in:

Parliamentary funding (appropriations) designated for Centrelink
Payments received for services, benefits or activities provided by Centrelink
Any other money paid to the Commonwealth specifically for this account's purposes

Money going out:

Only for Centrelink's official operational expenses, as authorised by the Commonwealth Services Delivery Agency Act 1997

Why this exists: Special Accounts ensure specific government agencies can manage their funds separately, making it easier to track that money is spent only on lawful agency purposes rather than being mixed with general government revenue.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Act 1997 - Determination 1999/01 - Determination to Establish a Special Account.

DETERMINATION 1999/01

SECTION 20 OF THE FINANCIAL MANAGEMENT AND ACCOUNTABILITY
ACT 1997

DETERMINATION TO ESTABLISH A SPECIAL ACC

DETERMINATION TO ESTABLISH A SPECIAL ACCOUNT

I, Anne Morant, Acting 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 Centrelink – Centrelink Special Account is established as a Special Account.

I further determine that:

(a) amounts of the following kinds may be credited to this account:

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

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

for expenditure by Centrelink, consistent with its functions under Section 8 of the Commonwealth Services Delivery Agency Act 1997.

Anne Morant

Delegate of the Finance Chief Executive

6/8/99

Source text

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

DETERMINATION 1999/01 DETERMINATION 1999/01