Commonwealth legislation

Medical Research Future Fund (Crediting of Amounts) Determination 2020

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This determination directs that $3,212,050,668 be credited to the Medical Research Future Fund Special Account on 21 July 2020, under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015. Mechanically, it increases the MRFF's balance available for medical research programs; it does not amend eligibility rules or the Act's objects, and is not subject to disallowance (see section 14 and subsection 15(3)).

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Medical Research Future Fund (Crediting of Amounts) Determination 2020

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Medical Research Future Fund (Crediting of Amounts) Determination 2020

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 9 July 2020

JOSH FRYDENBERG MATHIAS HUBERT PAUL CORMANN

Treasurer Minister for Finance

1 Name

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2020.

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, $3,212,050,668.00 is to be credited to the Medical Research Future Fund Special Account on 21 July 2020.

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 2020

Dated 9 July 2020

JOSH FRYDENBERG MATHIAS HUBERT PAUL CORMANN

Treasurer Minister for Finance

1 Name

This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2020.

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, $3,212,050,668.00 is to be credited to the Medical Research Future Fund Special Account on 21 July 2020.

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