Commonwealth legislation

Financial Management and Accountability Determination 2009/14 - Special Accounts Abolition 2009

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 two specific government bank accounts (called Special Accounts) that were established under the Financial Management and Accountability Act 1997.

What it does

Abolishes the Services for other Governments and Non-agency Bodies Account operated by the Department of Defence
Abolishes the Other Trust Moneys Account
Each account will be officially closed once its balance reaches zero

Who it affects

The Department of Defence, which managed these accounts
Any remaining funds in these accounts must be spent or transferred before closure occurs

Why it matters Special Accounts are separate pools of government money set aside for specific purposes. This determination is administrative housekeeping — formally closing accounts that are no longer needed to simplify the government's financial arrangements and ensure proper accountability.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Determination 2009/14 - Special Accounts Abolition 2009.

Financial Management and Accountability Determination 2009/14 - Special Accounts Abolition 2009

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Financial Management and Accountability Determination 2009/14 – Special Accounts Abolition 2009

I, LINDSAY TANNER, Minister for Finance and Deregulation, make this determination under subsection 20(3) of the Financial Management and Accountability Act 1997.

Dated 15 May 2009

Lindsay Tanner

Minister for Finance and Deregulation

1 Name of determination

This determination is the Financial Management and Accountability Determination 2009/14 – Special Accounts Abolition 2009.

2 Commencement

This determination will commence upon registration on the Federal Register of Legislative Instruments.

3 Abolition

Each Special Account specified in Schedule 1 is abolished from the time at which the balance of that Special Account reaches zero.

Schedule 1 Special Accounts to be abolished

Agency Special Account