Commonwealth legislation

Financial Management and Accountability Determination 2009/16 - Abolition of Special Accounts 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This Act has been repealed and is no longer in force. It is retained for historical reference.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

2/10 complexity

This determination closes down several government Special Accounts — essentially separate funding pools that agencies use to manage specific programs or receipts.

What it does:

Immediately abolishes three accounts (Schedule 1): services-for-others accounts for the Administrative Appeals Tribunal and National Native Title Tribunal, and a Meat and Inspection Service account.
Conditionally abolishes seven accounts (Schedule 2): these close only when their balance hits zero. This includes the Telstra Sale Special Account and six international cultural/diplomatic foundation accounts (Australia-China, Australia-France, Australia-India, Australia-Indonesia, Australia-Japan, and Australia-Korea).

Why it matters: This is financial housekeeping. The government is tidying up unused or redundant accounts. The split timing ensures Schedule 2 accounts can spend their remaining funds before disappearing, while Schedule 1 accounts shut down immediately.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Determination 2009/16 - Abolition of Special Accounts 2009.

Financial Management and Accountability Determination 2009/16 - Abolition of Special Accounts 2009

View image in the official source

Financial Management and Accountability Determination 2009/16 - Abolition of Special Accounts 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 25 May 2009

Lindsay Tanner

Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2009/16 – Abolition of Special Accounts 2009.

2 Commencement

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

3 Abolition

(1) The Special Accounts specified in Schedule 1 are abolished.

(2) The Special Accounts specified in Schedule 2 are abolished with effect from the time at which the balance of the appropriation for the Special Account reaches zero.

Schedule 1 Special Accounts to be abolished

Agency Special Account

View image in the official source

Administrative Appeals Tribunal Services for other Governments and Non-agency Bodies Account

Department of Agriculture, Fisheries and Forestry Meat and Inspection Service

Account

National Native Title Tribunal Services for other Governments and Non-agency Bodies Account

Schedule 2 Special Accounts to be abolished

Agency Special Account

View image in the official source

Department of Finance and Deregulation Telstra Sale Special Account

Department of Foreign Affairs and Trade Australia-China Council Special Account

Australia-France Endowment Special Account

Australia-India Council Special Account

Australia-Indonesia Institute Special Account

Australia-Japan Foundation Special Account

Australia-Korea Foundation Special Account

Source text

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

1 Financial Management and Accountability Determination 2009/16 - Abolition of Special Accounts 2009

Financial Management and Accountability Determination 2009/16 - Abolition of Special Accounts 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 25 May 2009

Lindsay Tanner

Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2009/16 – Abolition of Special Accounts 2009.

2 Commencement

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

3 Abolition

(1) The Special Accounts specified in Schedule 1 are abolished.

(2) The Special Accounts specified in Schedule 2 are abolished with effect from the time at which the balance of the appropriation for the Special Account reaches zero.

Schedule 1 Special Accounts to be abolished

Agency Special Account

Administrative Appeals Tribunal Services for other Governments and Non-agency Bodies Account

Department of Agriculture, Fisheries and Forestry Meat and Inspection Service

Account

National Native Title Tribunal Services for other Governments and Non-agency Bodies Account

Schedule 2 Special Accounts to be abolished

Agency Special Account

Department of Finance and Deregulation Telstra Sale Special Account

Department of Foreign Affairs and Trade Australia-China Council Special Account

Australia-France Endowment Special Account

Australia-India Council Special Account

Australia-Indonesia Institute Special Account

Australia-Japan Foundation Special Account

Australia-Korea Foundation Special Account