Financial Management and Accountability (Variation of the Energy Special Account) Determination 2012/01 (Cth)

Financial Management and Accountability (Variation of the Energy Special Account) Determination 2012/01¹

Financial Management and Accountability Act 1997

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

Dated 4^th April 2012

Minister for Finance and Deregulation

1. Name of Determination

This Determination is the Financial Management and Accountability (Variation of the Energy Special Account) Determination 2012/01.

1. 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 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.

1. Variation – Schedule 1

Schedule 1 varies the Financial Management and Accountability Determination 2005/08 – Energy Special Account Establishment 2005.

Schedule 1: Variation

(section 3)

[1]           Subsection 6 (1)

omit

(a)conducting activities that contribute to policy development in the national energy sector

insert

(a)conducting activities that contribute to policy development in the energy and resources sectors

[2]            Subsection 6 (1) (a)

omit

(iv)         renewable and distributed energy generation; and

insert

(iv)         renewable and distributed energy generation;

(v)          resource exploration and development;

(vi)         petroleum (oil and gas);

(vii)        clean energy technology;

(viii)       land access;

(ix)         mining and minerals;

(x)          other forms of resource extraction; and