Financial Management and Accountability Determination 2006/69 Ranger Rehabilitation Account Variation and Abolition 2006 (Cth)

Financial Management and Accountability Determination 2006/69 — Ranger Rehabilitation Account Variation and Abolition 2006

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

Dated   11 October 2006

Nick Minchin

Minister for Finance and Administration

1              Name of Determination

This Determination is the Financial Management and Accountability Determination 2006/69 — Ranger Rehabilitation Account Variation and Abolition 2006.

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

Schedule 1 varies the determination entitled Initial Determination to Establish Components of the Reserved Money Fund which established, among others, the Ranger Rehabilitation Account.

4              Abolition

The Ranger Rehabilitation 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 Ranger Rehabilitation Account reaches zero.

Schedule 1        Variation

(section 3)

[1]           Determination, attachment, Department of Primary Industries & Energy, item for Ranger Rehabilitation Reserve Reserve, second column

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For expenditure relating to the rehabilitation of the ranger project area in accordance with the Ranger Uranium project Government Agreement (as amended) between the Commonwealth and Energy Resources of Australia Limited, The Australian Atomic Energy Commission, Peko-Wallsend Operations Limited and Electrolytic Zinc Company of Australasia Limited.

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(1) For expenditure relating to the rehabilitation of the ranger project area in accordance with the Ranger Uranium project Government Agreement (as amended) between the Commonwealth and Energy Resources of Australia Limited, the Australian Atomic Energy Commission, Peko-Wallsend Operations Limited and Electrolytic Zinc Company of Australasia Limited.

(2) To credit amounts to the Ranger Rehabilitation Special Account.