Commonwealth legislation

Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 formally closes the Other Trust Moneys Account—a bank account previously held by the Aboriginal and Torres Strait Islander Commission (ATSIC).

What it does:

Abolishes (shuts down) a specific trust account that ATSIC used to manage
Tidies up the financial loose ends following ATSIC's own abolition in 2004–2005

Who it affects:

Primarily administrative—this is housekeeping for government finance records
Anyone with remaining claims or interests tied to this specific account

Why it matters:

Ensures defunct government agencies don't leave 'zombie' bank accounts open indefinitely
Completes the legal wind-up of ATSIC's financial affairs under the Financial Management and Accountability Act 1997

JSON API

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission.

Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission

View image in the official source

Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission

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

Dated 3 May 2005

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission.

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

2 Abolition of Other Trust Moneys Account

The Other Trust Moneys Account that was formerly administered by the Aboriginal and Torres Strait Islander Commission is abolished.

Source text

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

1 Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission

Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission

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

Dated 3 May 2005

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

Financial Management and Accountability Determination 2005/05 — Other Trust Moneys Account Abolition 2005 – Aboriginal and Torres Strait Islander Commission.

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

2 Abolition of Other Trust Moneys Account

The Other Trust Moneys Account that was formerly administered by the Aboriginal and Torres Strait Islander Commission is abolished.