Financial Management and Accountability Determination 2005/31 - Australia-India Council Account Variation and Abolition 2005 (Cth)

Financial Management and Accountability Determination 2005/31 — Australia-India Council Account Variation and Abolition 2005

I, NICK MINCHIN, Minister for Finance and Administration, make this Determination under subsections 20 (2) and (3) of the Financial Management and Accountability Act 1997.

Dated 14 September 2005

Signed – Nick Minchin

Minister for Finance and Administration

1              Name of Determination

This Determination is the Financial Management and Accountability Determination 2005/31 — Australia-India Council Account Variation and Abolition 2005.

2              Commencement

This Determination commences at the time at which subsection 22 (4) of the Financial Management and Accountability Act 1997 is complied with.

Note   This Determination takes effect in accordance with section 22 of the Financial Management and Accountability Act 1997. The Parliament must consider the Determination before it can take effect, and either House may pass a resolution disallowing the Determination. If neither House passes such a resolution, the Determination takes effect on the day immediately after the last day upon which such a resolution could have been passed.

3              Variation of Determination to Establish Components of the Reserved Money Fund

Schedule 1 varies the Initial Determination to Establish Components of the Reserved Money Fund that included the establishment of the Australia-India Council Account.

4              Abolition of Australia-India Council Account

The Australia-India Council Account is abolished with effect from the time at which:

(a)Schedule 1 has taken effect; and

(b)the balance of the appropriation for the Australia-India Council Account reaches zero.

Schedule 1        Variation

(section 3)

[1]           Determination, attachment, Department of Foreign Affairs and Trade, item for Australia-India Council Reserve, second column

omit

For the expenditure of moneys provided by non-Commonwealth entities for purposes which are intended to develop and promote ties between Australia and India in the educational, cultural, commercial media and science and technology fields, and to encourage the study of each other’s culture and language.

insert

(1)   For the expenditure of moneys provided by non-Commonwealth entities for purposes which are intended to develop and promote ties between Australia and India in the educational, cultural, commercial media and science and technology fields, and to encourage the study of each other’s culture and language.

(2) To credit amounts to the Australia-India Council Special Account.