Financial Management and Accountability Determination 2008/15 purposes of certain Services for Other Governments and Non-agency Bodies Accounts, and Other Trust Moneys Accounts Variation 2008 (Cth)

Financial Management and Accountability Determination 2008/15 to vary the purposes of certain Services for Other Governments and Non‑agency Bodies Accounts, and Other Trust Moneys Accounts

I, LINDSAY TANNER, Minister for Finance and Deregulation, make this Determination under subsection 20 (2) of the Financial Management and Accountability Act 1997.

Dated 3^rd June 2008

Lindsay Tanner

Minister for Finance and Deregulation

1              Name of Determination

This Determination is the Financial Management and Accountability  Determination 2008/15 to vary the purposes of certain Services for Other Governments and Non‑agency Bodies Accounts, and Other Trust Moneys Accounts.

2              Commencement

This Determination commences on the day on which subsection 22 (4) of the FMA Act is complied with.

Note       This Determination takes effect in accordance with section 22 of the FMA Act. 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 titled Initial Determination to Establish Components of the Reserved Money Fund, made on 31 December 1997.

4              Definition

In this Determination:

FMA Act means the Financial Management and Accountability Act 1997.

Schedule 1        Variation

(section 3)

[1]           Attachment, entitled ‘COMPONENTS OF THE RESERVED MONEY FUND’

Second Column - Heading

Omit

EXPENDITURE PURPOSE

Insert

PURPOSE FOR WHICH AMOUNTS MAY BE DEBITED

[2]          Attachment, entitled ‘COMPONENTS OF THE RESERVED MONEY FUND’

Second Column - against ‘Other Trust Moneys Reserve’

Omit

For expenditure of moneys temporarily held on trust or otherwise for the benefit of a person other than the Commonwealth.

Insert

(a)  For expenditure of moneys temporarily held on trust or otherwise for the benefit of a person other than the Commonwealth, and

(b) To credit another Special Account to which amounts held on trust or otherwise for the benefit of a person other than the Commonwealth may be credited.

[3]       Attachment, entitled ‘COMPONENTS OF THE RESERVED MONEY FUND’

Second Column - against ‘Services for other Governments & Non-agency Bodies Reserve’

Omit

For expenditure in connection with services performed on behalf of other Governments and bodies that are not FMA agencies

Insert

(a)  For expenditure in connection with services performed on behalf of other Governments and bodies that are not FMA Act agencies, and

(b) To credit another Special Account to which amounts received in connection with services performed on behalf of other Governments and bodies that are not FMA Act agencies may be credited.