1PGPA Act Determination (Royal Australian Mint Special Account 2023)

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Commonwealth Coat of Arms of Australia

 

PGPA Act Determination (Royal Australian Mint Special Account 2023)

I, KATY GALLAGHER, Minister for Finance, make the following determination.

Dated           22   /   08      / 2023

KATY GALLAGHER

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 3—Transitional, revocation and repeal provisions

9  Opening balance of the special account

10  Revocation of Royal Australian Mint instrument

11  Additional repeal provisions

Part 1—Establishment

 

1  Name

  This instrument is the PGPA Act Determination (Royal Australian Mint Special Account 2023).

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 subsections 78(1) and 78(3) of the Act.

4  Definitions

  In this instrument:

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

Royal Australian Mint instrument means the FMA Act (Royal Australian Mint Special Account) Determination 2013/04.

Royal Australian Mint special account means the Royal Australian Mint Special Account established by the Royal Australian Mint instrument.

the special account means the Royal Australian Mint Special Account 2023 established by this instrument.

5  Establishment of the special account

  For paragraph 78(1)(a) of the Act, the Royal Australian Mint Special Account 2023 is established as a special account.

6  Accountable authority responsible for the special account

  For paragraph 78(1)(d) of the Act, the accountable authority responsible for the special account is the Chief Executive Officer of the Royal Australian Mint.

Part 2—Special account credits and debits

 

7  Amounts that may be credited to the special account

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

(a)      amounts received from any person for one or more purposes of the special account; and

(b)      amounts received in the course of the performance of functions that relate to one or more purposes of the special account.

8  Purposes of the special account

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

(a)      to make payments in relation to purchasing, producing, supplying, storing, selling, displaying and distributing coinage, medals, dies, tokens, plaques, and other like items;

(b)      to make payments in relation to the management and operation of the Royal Australian Mint;

(c)      to make payments in relation to the following revenue raising activities undertaken by the Royal Australian Mint:

(i)                  the operation of the Royal Australian Mint’s gift shop, e-shop and cafe;

(ii)               renting of the vault services to other organisations;

(iii)             providing tooling and other production services to other organisations;

(iv)              providing brokerage services to other countries and foreign entities in relation to the process and approval for collectible products to gain legal tender status in other countries;

(d)      to make payments in relation to activities that are incidental to the purposes in paragraphs 8(a), 8(b) and 8(c);

(e)      to repay amounts where a court order, Act or other law requires or permits the repayment of an amount received; and

(f)       to reduce the balance of the special account (and, therefore, the available appropriation for the special account) without making a real or notional payment.

Part 3—Transitional, revocation and repeal provisions

 

9  Opening balance of the special account

(1)    For paragraph 78(1)(b) of the Act, the amount in subsection 9(2) (opening balance) is required to be credited to the special account immediately after its establishment.

(2)    The opening balance is equal to the amount standing to the credit of the Royal Australian Mint special account immediately prior to the commencement of this instrument.

10  Revocation of Royal Australian Mint instrument

  For subsection 78(3) of the Act, the Royal Australian Mint instrument is revoked.

11  Additional repeal provisions

(1)    For subsection 78(3) of the Act, Part 3 of this instrument is repealed at the end of the seventh day after the revocation of the Royal Australian Mint instrument under section 10 (date of repeal).

(2)    For subsection 78(3) of the Act, the following definitions in section 4 are repealed on the date of repeal:

(a)    definition of Royal Australian Mint instrument;

(b)    definition of Royal Australian Mint special account.

(3)    Despite subsection 11(1), the effects of Part 3 of this instrument remain in force after the date of repeal.