Commonwealth legislation

Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 a special government bank account called the Other Trust Moneys Account that was administered by the Australian Bureau of Statistics (ABS).

What it does:

Abolishes the account, but only once the balance of the appropriation (the money officially allocated to it) reaches zero
This prevents the account from closing while money remains in it

Who it affects:

The Australian Bureau of Statistics, which managed the account
Anyone with outstanding claims against money held in this trust account

Why it matters: This is administrative housekeeping. The ABS used this account to hold money received in trust for specific purposes (such as survey fees or other statutory collections). Once all obligations are paid and the balance hits zero, the account legally ceases to exist. This ensures old, empty accounts don't linger on the government's books indefinitely.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010.

Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010

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Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010

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

Dated March 9th 2010

Lindsay Tanner

Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010.

2 Commencement

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

3 Abolition

The Other Trust Moneys Account, administered by the Australian Bureau of Statistics, is abolished with effect from the time at which the balance of the appropriation for the Special Account reaches zero.

Source text

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

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Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010

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

Dated March 9th 2010

Lindsay Tanner

Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Financial Management and Accountability Determination 2010/03 – Other Trust Moneys Account Abolition 2010.

2 Commencement

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

3 Abolition