Commonwealth legislation

Retained Agency Receipts Determination 2012/01: Department of Agriculture, Fisheries and Forestry

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This instrument lets DAFF’s ABARES keep revenue from providing research, analysis and advice on agriculture, fisheries and forestry — up to $2.5 million per year — and credit it to the department’s operating budget for work done between 1 July 2012 and 30 June 2016. It enables reinvestment of those earnings into operations without new Parliament appropriations and requires an annual report to the Finance Minister.

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Direct links to the current provisions in Retained Agency Receipts Determination 2012/01: Department of Agriculture, Fisheries and Forestry.

Retained Agency Receipts Determination 2012/01: Department of Agriculture, Fisheries and Forestry

Commonwealth Coat of Arms

Retained Agency Receipts Determination 2012/01: Department of Agriculture, Fisheries and Forestry

I, PENELOPE YING YEN WONG, Minister for Finance and Deregulation, determine under item 3 of the table in subregulation 15 (3) of the Financial Management and Accountability Regulations 1997, that amounts paid under the following scheme are amounts that may be added to the most recent departmental item of the Department of Agriculture, Fisheries and Forestry (DAFF) in accordance with section 31 of the Financial Management and Accountability Act 1997:

Research, analysis and advice on issues affecting Australia’s agriculture, fisheries and forestry industries that is:

undertaken by the Australian Bureau of Agricultural and Resource Economics and Sciences within DAFF;
funded from Outcome 1 of the administered appropriation item of DAFF, up to a maximum of $2.5 million each financial year; and
conducted from 1 July 2012 until 30 June 2016.

As a component of the scheme, DAFF must provide me with a statement by 1 September following each financial year this determination is in effect. The statement must show for the previous financial year:

the total amounts received in accordance with this scheme; and
the departmental activities these receipts were allocated to.

This determination takes effect on the day after registration on the Federal Register of Legislative Instruments.

Note: PENELOPE YING YEN WONG

Note: Minister for Finance and Deregulation

Dated 30th July 2012

Source text

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

1 Retained Agency Receipts Determination 2012/01: Department of Agriculture, Fisheries and Forestry

Retained Agency Receipts Determination 2012/01: Department of Agriculture, Fisheries and Forestry

Research, analysis and advice on issues affecting Australia’s agriculture, fisheries and forestry industries that is:

undertaken by the Australian Bureau of Agricultural and Resource Economics and Sciences within DAFF;
funded from Outcome 1 of the administered appropriation item of DAFF, up to a maximum of $2.5 million each financial year; and
conducted from 1 July 2012 until 30 June 2016.

the total amounts received in accordance with this scheme; and
the departmental activities these receipts were allocated to.

This determination takes effect on the day after registration on the Federal Register of Legislative Instruments.

Note: PENELOPE YING YEN WONG

Note: Minister for Finance and Deregulation

Dated 30th July 2012