PGPA Act Determination (DHA Borrowings Special Account 2020)

---

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8

?xml version="1.0" encoding="utf-8" standalone="no"?>

View image in the official source

 

PGPA Act Determination (DHA Borrowings Special Account 2020)

I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance, make the following determination.

Dated    29 / 6 / 2020

MATHIAS HUBERT PAUL CORMANN

Minister for Finance

 

 

 

 

 

Contents

Part 1—Establishment 

1  Name ...................................................

2  Commencement.............................................

3  Authority.................................................

4  Definitions................................................

5  Establishment of the special account.................................

6  Accountable authority responsible for the special account.....................

Part 2—Special account credits and debits 

7  Amounts that may be credited to the special account........................

8  Purposes of the special account....................................

 

Part 1—Establishment

 

1  Name

  This instrument is the PGPA Act Determination (DHA Borrowings Special Account 2020).

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any version of this instrument published on the Federal Register of Legislation.

3  Authority

  This instrument is made under subsection 78(1) of the PGPA Act.

4  Definitions

  In this instrument:

borrowing means a loan from the Commonwealth to DHA in accordance with section 36 of the DHA Act.

DHA has the same meaning as in the DHA Act.

DHA Act means the Defence Housing Australia Act 1987.

PGPA Act means the Public Governance, Performance and Accountability Act 2013.

special account means the DHA Borrowings Special Account 2020 established by this instrument.

 

 

5  Establishment of the special account

  For paragraph 78(1)(a) of the PGPA Act, the DHA Borrowings Special Account 2020 is established as a special account (the special account).

6  Accountable authority responsible for the special account

  For paragraph 78(1)(d) of the PGPA Act, the accountable authority responsible for the special account is the Secretary of the Department of Finance.

Part 2—Special account credits and debits

 

7  Amounts that may be credited to the special account

  For paragraph 78(1)(b) of the PGPA Act, the following amounts may be credited to the special account:

1.                      an amount appropriated by the Parliament for the purposes of facilitating a borrowing;
2.                      an amount received from DHA that relates to a borrowing;
3.                      an amount received in the course of the performance of functions that relate to one or more purposes of the special account;
4.                      an amount received from any person for one or more purposes of the special account.

8  Purposes of the special account

  For paragraph 78(1)(c) of the PGPA Act, the purposes of the special account, in relation to which amounts may be debited from the special account, are:

1.                      to pay an amount to DHA in relation to a borrowing;
2.                      to make payments incidental to the purposes in paragraph (a), including to meet direct and indirect costs of administering the special account and activities relating to, entering into or managing a borrowing;
3.                      to reduce the balance of the special account (and, therefore, the available appropriation for the special account) without making a real or notional payment; and
4.                      to repay an amount where a court order, Act or other law requires or permits the repayment of an amount received.