Commonwealth legislation

Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 a government bank account called the Federation Fund Account that was run by the Department of Education, Science and Training.

What it does

Formally abolishes (shuts down) this specific account under the Financial Management and Accountability Act 1997.

Who it affects

Primarily the Department of Education, Science and Training (now succeeded by the current Department of Education).
Any remaining funds or financial obligations tied to this account would need to be transferred or dealt with under other provisions of the Act.

Why it matters

This is administrative housekeeping. The government is tidying up its financial structures by closing an account that is no longer needed, ensuring public money is managed through proper, authorised channels rather than dormant accounts.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006.

Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006

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Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006

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

Dated 26 JULY 2006

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006.

2 Commencement

This Determination shall come into effect upon registration on the Federal Register of Legislative Instruments.

3 Abolition

The Federation Fund Account, administered by the Department of Education, Science and Training, is abolished.

Do not delete : Schedule Part Placeholder

Source text

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

1 Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006

Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006

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

Dated 26 JULY 2006

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2006/24 — Federation Fund Account – Department of Education, Science and Training Abolition 2006.

2 Commencement

This Determination shall come into effect upon registration on the Federal Register of Legislative Instruments.

3 Abolition

The Federation Fund Account, administered by the Department of Education, Science and Training, is abolished.

Do not delete : Schedule Part Placeholder