Financial Management and Accountability Act 1997 Determination 2007/05 – Section 32 (Transfer from the Department of Industry, Tourism and Resources to the Department of Innovation, Industry, Science and Research) (Cth)

FMA Act Determination 2007/05 – Section 32 (Transfer from the Department of Industry, Tourism and Resources to the Department of Innovation, Industry, Science and Research)

Financial Management and Accountability Act 1997

I, Tim Youngberry, Division Manager, Financial Reporting and Cash Management Division, Department of Finance and Deregulation, make this Determination under subsection 32(2) of the Financial Management and Accountability Act 1997
(FMA Act).

This Determination is made because of changes in the administrative arrangements on 3 December 2007, specifically the abolition of the Department of Industry, Tourism and Resources, and the transfer of science related functions to the Department of Innovation, Industry, Science and Research.

Dated 7 December 2007

Tim Youngberry

Division Manager

Financial Reporting and Cash Management Division

Department of Finance and Deregulation          

1              Name of Determination

This Determination is the FMA Act Determination 2007/05 – Section 32 (Transfer from the Department of Industry, Tourism and Resources to the Department of Innovation, Industry, Science and Research).

Note  This Determination has been made by a delegate of the Secretary of the Department of Finance and Deregulation. The Secretary is a delegate of the Minister for Finance and Deregulation: see sections 53 and 62 of the FMA Act.

2              Commencement

This Determination is taken to have commenced on 3 December 2007.

Note  Under subsection 32(8) of the FMA Act, a Determination may be expressed to take effect before its making and registration under the Legislative Instruments Act 2003.

3              Amendment of Appropriation Act (No. 1) 2007-2008

The Appropriation Act (No. 1) 2007-2008 is amended as specified in Schedule 1.

Note  An amount of $174,368,894 of the departmental item for the Department of Industry, Tourism and Resources is transferred to the Department of Innovation, Industry, Science and Research. Amounts of administered items for the Department of Industry, Tourism and Resources are transferred to the Department of Innovation, Industry, Science and Research, as follows:

Outcome 1:        $174,536,374.78

Outcome 2:        $152,856,524.30

The above outcome numbers refer to outcome numbering for the administered items of the Department of the Industry, Tourism and Resources.

Note  The Appropriation Acts, as made, refer to the names of particular Departments. However, some of those references have changed due to the reorganisation of government functions. The changes are:

(a) the Industry, Tourism and Resources Portfolio ceased to exist and the Innovation, Industry, Science and Research Portfolio was established.

(b) the Department of Industry, Tourism and Resources was abolished and the Department of Innovation, Industry, Science and Research was established.

4              Amendment of Appropriation Act (No. 2) 2007-2008

The Appropriation Act (No. 2) 2007-2008 is amended as specified in Schedule 2.

Note  An amount of $12,156,740 in equity injections and $32,038,132.49 in administered assets and liabilities for the Department of Industry, Tourism and Resources are transferred to the Department of Innovation, Industry, Science and Research.

Note  The Appropriation Acts, as made, refer to the names of particular Departments. However, some of those references have changed due to the reorganisation of government functions. The changes are:

(a) the Industry, Tourism and Resources Portfolio ceased to exist and the Innovation, Industry, Science and Research Portfolio was established.

(b) the Department of Industry, Tourism and Resources was abolished and the Department of Innovation, Industry, Science and Research was established.

Schedule 1        Amendments to Appropriation Act (No. 1) 2007-2008

(clause 3)

Schedule 1, page 120, Department of Industry, Tourism and Resources, Departmental item, omit “335,848”, and substitute “161,479.106”.

Schedule 1, page 120, Department of Industry, Tourism and Resources, Administered item for Outcome 1, omit “441,428”, and substitute “266,891.62522”.

Schedule 1, page 120, Department of Industry, Tourism and Resources, Administered item for Outcome 2, omit “239,590”, and substitute “86,733.4757”.

Schedule 1, page 120A, Department of Innovation, Industry, Science and Research, Departmental item, omit “6,000”, and substitute “180,368.894”.

Schedule 1, page 120A, Department of Innovation, Industry, Science and Research, before the Administered item for Outcome 3, insert the following administered items:

Outcome 1 ‑

A stronger, sustainable and internationally competitive Australian industry, comprising the manufacturing, resources and services sectors

174,356.37478

Outcome 2 ‑

Enhanced economic and social benefits through a strengthened national system of innovation

152,856.5243

Note  The departmental item, and administered item for Outcome 3 for the Department of Industry, Tourism and Resources was amended by FMA Act Determination 2007/03 – Section 32 (Transfer from the Department of Education, Science and Training to the Department of Innovation, Industry, Science and Research)

Schedule 2        Amendments to Appropriation Act (No. 2) 2007-2008

(clause 4)

Schedule 2, page 83, Department of Industry, Tourism and Resources, Other departmental item for Equity Injections, omit “15,215”, and substitute “3,058.26”.

Schedule 2, page 83, Department of Industry, Tourism and Resources, Administered Assets and Liabilities item, omit “43,761”, and substitute “11,722.86751”.

Schedule 2, after page 85, insert a new page 85A. On page 85A insert the following table:

INNOVATION, INDUSTRY, SCIENCE AND RESEARCH PORTFOLIO
$'000
DEPARTMENT OF INNOVATION, INDUSTRY, SCIENCE AND RESEARCH
Equity Injections	12,156.74
	Administered Assets and Liabilities	32,038.13249