Financial Management and Accountability Determination 2000/02 - Employee Entitlements Support Scheme Special Account Establishment 2000 (Cth)

DETERMINATION 2000/02

SECTION 20 OF THE FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997

DETERMINATION TO ESTABLISH A SPECIAL ACCOUNT

I, Gavin Back, Senior Adviser, Financial Framework, pursuant to powers delegated to me by the Finance Chief Executive under section 53 of the Financial Management and Accountability Act 1997, determine, for the purposes of section 20 of that Act, that the Department of Employment, Workplace Relations and Small Business – Employee Entitlements Support Scheme Account  is established as a Special Account.

I further determine that:

(a)    amounts of the following kinds may be credited to this account:

§     money that is held in trust for, or otherwise for the benefit of, a person other than the Commonwealth;

§     any money appropriated by the Parliament for an outcome of the Department;

§     all money received in consideration for any service, benefit, activity, transaction or other matter which is congruent with the expenditure purposes of the account;

§     all money paid to the Commonwealth by any person for the expenditure purposes of the account; and

(b)   the purposes for which amounts may be debited to the account are:

1. For payments of outstanding employee entitlements under the Employee Entitlements Support Scheme and related purposes; and

1. Expenditure directly attributable to the administration of the Scheme.

Gavin Back  

Delegate of the Finance Chief Executive

13 March 2000

SUMMARY DETAILS OF SPECIAL ACCOUNT

Department of Employment, Work Relations and Small Business – Employee Entitlements Support Scheme Account.

The purpose of the Special Account is for expenditure directly attributable to the administration of the Employee Entitlements Support Scheme and for payments of outstanding employee entitlements in the event of employer insolvency. Amounts that may be credited to the Account include amounts appropriated by the Commonwealth, and payments from participating States and Territories for the purpose of the Scheme.