Determination to Reduce Appropriations Upon Request (No. 6 of 2010-2011) (Cth)

Determination to Reduce Appropriations Upon Request (No. 6 of 2010-2011)

Annual Appropriation Acts

I, Penelope Ying Yen Wong, Minister for Finance and Deregulation, make this Determination under subsection 9(1) of Appropriation Act (No. 1) 2005‑2006.

Dated 1^st February 2011

PENELOPE YING YEN WONG

Minister for Finance and Deregulation

Part 1              Preliminary

1. Name

This Determination is the Determination to Reduce Appropriations Upon Request (No. 6 of 2010-2011).

1. Commencement

This Determination commences on the day on which it is made.

1. Legislative Authority

(1) Subsection 9(1) of Appropriation Act (No. 1) 2005-2006 enables the Minister for Finance and Deregulation to make a determination in writing reducing a departmental item for an agency by the amount specified in the Determination, upon receipt of a written request from the Minister responsible for that agency.

(2)   Appropriation reduction provisions are included in the annual Appropriation Acts to enable excess departmental appropriation items, administered assets and liabilities items, and other departmental items to be extinguished.

4              Purpose

This Determination reduces the appropriation item for the agency listed in the Schedule by the amount indicated in Column 4.

5              Notes

The Schedule contains a table listing the affected agency in column 1, the Appropriation Act and appropriation item in column 2, which through the request by the responsible Minister in column 3, is reduced by the amount in column 4.

6              Disallowance

A determination made under subsection 9(1) of Appropriation Act (No. 1) 2005‑2006 is a legislative instrument and is disallowable.

7              Reduction in Appropriation Act (No. 1) 2005-2006

Schedule 1 reduces the departmental item for the Australian Securities and Investments Commission in Appropriation Act (No. 1) 2005-2006.

Schedule 1     Reduction in Appropriation Act
(No. 1) 2005-2006

(Clause 7)

[1]            TREASURY PORTFOLIO

Column 1	Column 2	Column 3	Column 4
Agency	Appropriation	Requested By	Reduction Amount $
Australian Securities and Investments Commission	Departmental item for the Australian Securities and Investments Commission in Appropriation Act (No. 1) 2005‑2006	Parliamentary Secretary to the Treasurer	5,000,000

Note 1: See subsection 9(1) of Appropriation Act (No. 1) 2005‑2006.