Commonwealth legislation

Medical Research Future Fund (Crediting of Amounts) Determination 2019

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

3/10 complexity

This Determination, made by the Treasurer and Minister for Finance under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015, directs that $7,830,490,000 be credited to the Medical Research Future Fund Special Account on 23 July 2019. It affects Commonwealth budget cash flows and the MRFF's available capital; the Commonwealth (via consolidated revenue) pays the amount, and the Treasurer and Finance Minister decide timing and execution. The instrument is not subject to parliamentary disallowance (see subsection 15(3)).

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Medical Research Future Fund (Crediting of Amounts) Determination 2019

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Medical Research Future Fund (Crediting of Amounts) Determination 2019

We, JOSH FRYDENBERG, 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 18 June 2019

JOSH FRYDENBERG MATHIAS HUBERT PAUL CORMANN

Treasurer Minister for Finance

1 Name

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2019.

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, $7,830,490,000.00 is to be credited to the Medical Research Future Fund Special Account on 23 July 2019.

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 2019

Dated 18 June 2019

JOSH FRYDENBERG MATHIAS HUBERT PAUL CORMANN

Treasurer Minister for Finance

1 Name

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2019.

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, $7,830,490,000.00 is to be credited to the Medical Research Future Fund Special Account on 23 July 2019.

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