Commonwealth legislation

Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

This determination closes down the Federation Fund Account, a special government bank account previously administered by the Department of the Environment and Heritage.

What it does

Abolishes the account: Formally shuts down the Federation Fund Account, effectively closing the "bucket" of money set aside for specific purposes (likely federation-related grants or projects).
Housekeeping: This is routine financial tidying—ensuring defunct accounts are properly removed from the government's books under the Financial Management and Accountability Act 1997 (the legislation that governs how federal money is managed).

Who is affected Primarily the Department of the Environment and Heritage, which ran the account. In practice, any leftover money would have been moved to other accounts before this determination took effect.

Why it matters While technical, this prevents "zombie" accounts from cluttering the government's financial system and ensures clear accountability for public money.

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Current sections

Direct links to the current provisions in Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004.

Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004

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Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004

I, NICK MINCHIN, Minister for Finance and Administration, make this Determination under subsection 20 (3) of the Financial Management and Accountability Act 1997.

Dated 9 July 2004

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004.

Note This Determination shall commence on the day that it is made.

2 Abolition of Federation Fund Account

The Federation Fund Account, administered by the Department of the Environment and Heritage, is abolished.

Source text

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

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Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004

I, NICK MINCHIN, Minister for Finance and Administration, make this Determination under subsection 20 (3) of the Financial Management and Accountability Act 1997.

Dated 9 July 2004

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability (Determination 2004/15 — Federation Fund Account) Abolition 2004.

Note This Determination shall commence on the day that it is made.

2 Abolition of Federation Fund Account

The Federation Fund Account, administered by the Department of the Environment and Heritage, is abolished.