Commonwealth legislation

Medical Research Future Fund (Crediting of Amounts) Determination 2018

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This determination directs that $2,288,550,000 be credited to the Medical Research Future Fund Special Account on 10 July 2018. It is made by the Treasurer and the Minister for Finance under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015.

Mechanically, the Commonwealth provides that cash to the MRFF (the payer), shifting fiscal resources into the dedicated special account to fund future medical research; the action is a single ministerial accounting entry with minimal compliance steps and is not subject to parliamentary disallowance (see note).

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Medical Research Future Fund (Crediting of Amounts) Determination 2018

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Medical Research Future Fund (Crediting of Amounts) Determination 2018

We, SCOTT JOHN MORRISON, Treasurer, and MATHIAS HUBERT PAUL CORMANN, Minister for Finance, having had regard to the object of the Medical Research Future Fund Act 2015, make this determination under paragraph 15(1)(a) of that Act.

Dated: 27 June 2018

SCOTT JOHN MORRISON MATHIAS HUBERT PAUL CORMANN

Treasurer Minister for Finance

1 Name

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2018.

2 Commencement

This determination commences on the day after it is registered.

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

3 Authority

This instrument is made under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015.

4 Crediting of Amounts

As per paragraph 15(1)(a) of the Medical Research Future Fund Act 2015, $2,288,550,000.00 is to be credited to the Medical Research Future Fund Special Account on 10 July 2018.

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

Source text

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

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Medical Research Future Fund (Crediting of Amounts) Determination 2018

Dated: 27 June 2018

SCOTT JOHN MORRISON MATHIAS HUBERT PAUL CORMANN

Treasurer Minister for Finance

1 Name

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2018.

2 Commencement

This determination commences on the day after it is registered.

3 Authority

This instrument is made under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015.

4 Crediting of Amounts

As per paragraph 15(1)(a) of the Medical Research Future Fund Act 2015, $2,288,550,000.00 is to be credited to the Medical Research Future Fund Special Account on 10 July 2018.

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