Commonwealth legislation

Financial Management and Accountability Determination 2006/47 - Centrelink Special Account Variation and 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This Act has been repealed and is no longer in force. It is retained for historical reference.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

2/10 complexity

This determination lets remaining Centrelink funds be moved into a new Commonwealth Social Services Special Account and provides for the Centrelink Special Account to be closed once that transfer mechanism is in place and the balance is zero. It affects Centrelink’s financial administration and consolidates social‑services funding to avoid stranded balances. It begins after the parliamentary disallowance/review period unless blocked.

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Financial Management and Accountability Determination 2006/47 - Centrelink Special Account Variation and Abolition 2006

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Financial Management and Accountability Determination 2006/47 — Centrelink Special Account Variation and Abolition 2006

I, NICK MINCHIN, Minister for Finance and Administration, make this Determination under subsections 20 (2) and (3) of the Financial Management and Accountability Act 1997.

Dated 17 August 2006

Nick Minchin

Minister for Finance and Administration

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2006/47 — Centrelink Special Account Variation and Abolition 2006.

2 Commencement

This Determination commences at the time at which subsection 22 (4) of the Financial Management and Accountability Act 1997 is complied with.

Note This Determination takes effect in accordance with section 22 of the Financial Management and Accountability Act 1997. The Parliament must consider the Determination before it can take effect, and either House may pass a resolution disallowing the Determination. If neither House passes such a resolution, the Determination takes effect on the day immediately after the last day upon which such a resolution could have been passed.

3 Variation

Schedule 1 varies the determination entitled Determination 1999/01, which established the Centrelink Special Account.

4 Abolition

The Centrelink Special Account is abolished with effect from the time at which:

(a) Schedule 1 has taken effect; and

(b) the balance of the appropriation for the Centrelink Special Account reaches zero.

Schedule 1 Variation

(section 3)

Do not delete : Schedule Part Placeholder

[1] Part (b), after the dot point

insert

to credit amounts to the Commonwealth Social Services Special Account.

Source text

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

1 Financial Management and Accountability Determination 2006/47 - Centrelink Special Account Variation and Abolition 2006