Financial Management and Accountability Determination 2009/10 – Defence Endowments Account Variation and Abolition 2009 (Cth)
Financial Management and Accountability Determination 2009/10 — Defence Endowments Account Variation and Abolition 2009
I, LINDSAY TANNER, Minister for Finance and Deregulation, make this Determination under subsections 20 (2) and (3) of the Financial Management and Accountability Act 1997.
Dated 5th May 2009
Lindsay Tanner
Minister for Finance and Deregulation
1 Name of Determination
This Determination is the Financial Management and Accountability Determination 2009/10 — Defence Endowments Account Variation and Abolition 2009.
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 Defence Endowments Account.
4 Abolition
The Defence Endowments 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 Defence Endowments Account reaches zero.
Schedule 1 Variation
(section 3)
[1] Determination, attachment, Department of Defence, item for Defence Endowments Reserve, second column
omit
For expenditure in accordance with the conditions of each endowment.
insert
(1) For expenditure in accordance with the conditions of each endowment.
(2) To credit amounts to the Defence Endowments Special Account.
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