Commonwealth legislation

Financial Management and Accountability Determination 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

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This Determination is a short administrative instrument that closes a specific government bank account.

What it does:

Formally abolishes the "Commonwealth Bank of Australia Public Share Offer Account"
This account was established under the Financial Management and Accountability Act 1997 (the law that governs how the Commonwealth manages public money and banking)

Why it matters: The account was originally set up to handle funds related to the Commonwealth Bank of Australia's public share offer (the process when the government sold shares in the bank to the public). This document tidies up the government's financial records by officially closing that account now that the share offer process is complete and the account is no longer needed.

Who it affects: Primarily the Department of Finance and Commonwealth agencies responsible for government banking arrangements. It does not create obligations for the general public, businesses, or other third parties.

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Direct links to the current provisions in Financial Management and Accountability Determination 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005.

Financial Management and Accountability Determination 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005

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Financial Management and Accountability Determination 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005

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

Dated 15 March 2005

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005.

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

2 Abolition of Commonwealth Bank of Australia Public Share Offer Account

The Commonwealth Bank of Australia Public Share Offer Account 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 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005

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

Dated 15 March 2005

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2005/01 — Commonwealth Bank of Australia Public Share Offer Account Abolition 2005.

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

2 Abolition of Commonwealth Bank of Australia Public Share Offer Account

The Commonwealth Bank of Australia Public Share Offer Account is abolished.