Financial Management and Accountability Amendment Regulation 2012 (No. 7) (Cth)

Financial Management and Accountability Amendment Regulation 2012 (No. 7)¹

Select Legislative Instrument 2012 No. 229

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Financial Management and Accountability Act 1997.

Dated 27 September 2012

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

PENELOPE YING YEN WONG

Minister for Finance and Deregulation

1. Name of regulation

This regulation is the Financial Management and Accountability Amendment Regulation 2012 (No. 7).

1. Commencement

This regulation commences on the day after it is registered.

1. Amendment of Financial Management and Accountability Regulations 1997

Schedule 1 amends the Financial Management and Accountability Regulations 1997.

Schedule 1          Amendment

(section 3)

[1]          Schedule 1AA, after item 411.002

insert

411.003

Divestment of Commonwealth property—financial assistance

Objective: To provide financial assistance to persons acquiring Commonwealth real property, including in relation to:

  (a)  the acquisition and maintenance of the property; and

  (b)  compliance with legal requirements associated with the property

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See