Commonwealth legislation

Medical Research Future Fund (Crediting of Amounts) Determination 2015 (No. 1)

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 puts $2.14 billion into the Medical Research Future Fund (MRFF).

The MRFF is a long-term investment fund that pays for medical research in Australia. This instrument authorises a one-off deposit of $2,139,351,000 into the Fund's Special Account on 1 December 2015.

Key points:

What it does: Credits money to the Fund so it can be invested and spent on health and medical research
Legal basis: Made under section 15 of the Medical Research Future Fund Act 2015
Parliamentary oversight: This instrument cannot be blocked or "disallowed" by Parliament (as specified in section 15(3) of the parent Act), meaning the deposit happens automatically once the determination is made

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Current sections

Direct links to the current provisions in Medical Research Future Fund (Crediting of Amounts) Determination 2015 (No. 1).

Medical Research Future Fund Act 2015

Medical Research Future Fund (Crediting of Amounts) Determination 2015 (No. 1)1

Medical Research Future Fund Act 2015

1. Name of Determination

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2015 (No. 1).

2. Commencement

This determination commences on the day on which it is registered.

Note: Section 42 of the Legislative Instruments Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see section 15 (3) of the Medical Research Future Fund Act 2015.

3. Crediting of amounts

For section 15 (1) (a) of the Medical Research Future Fund Act 2015, $2,139,351,000 is to be credited to the Medical Research Future Fund Special Account on 1 December 2015.

Note: The Medical Research Future Fund Special Account is the Medical Research Future Fund Special Account established by section 14 of the Medical Research Future Fund Act 2015.

Note

Note: 1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.

Source text

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

Medical Research Future Fund Act 2015 Medical Research Future Fund Act 2015

Medical Research Future Fund (Crediting of Amounts) Determination 2015 (No. 1)1

Medical Research Future Fund Act 2015

1. Name of Determination 1. Name of Determination

1. Name of Determination

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2015 (No. 1).

2. Commencement 2. Commencement

2. Commencement

This determination commences on the day on which it is registered.

Note: Section 42 of the Legislative Instruments Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see section 15 (3) of the Medical Research Future Fund Act 2015.

3. Crediting of amounts 3. Crediting of amounts

3. Crediting of amounts

For section 15 (1) (a) of the Medical Research Future Fund Act 2015, $2,139,351,000 is to be credited to the Medical Research Future Fund Special Account on 1 December 2015.

Note: The Medical Research Future Fund Special Account is the Medical Research Future Fund Special Account established by section 14 of the Medical Research Future Fund Act 2015.

Note

Note: 1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.