EXPLANATORY STATEMENT
Issued by the authority of the Minister for Finance and Deregulation
The instrument to which this explanatory statement relates | Determination to Reduce Appropriations Upon Request (No. 15 of 2010-2011) |
Date instrument was made | 17 May 2011 |
The legislative authority under which the instrument is made
| Subsection 13(2) of Appropriation Act (No. 2) Determinations made under these subsections are legislative instruments and are disallowable. |
Purpose and effect of the instrument
| The purpose of the instrument is to reduce the other departmental item (Equity Injections) that the Minister for Foreign Affairs has advised the Minister for Finance and Deregulation is surplus to the requirements of the Department of Foreign Affairs and Trade (DFAT). Schedule 1 of the Instrument determines that the other departmental item (Equity Injections) for the Department of Foreign Affairs and Trade in Appropriation Act (No. 2) 2009-2010 be reduced by $795,000. |
Background | The Minister for Foreign Affairs wrote to the Minister for Finance and Deregulation requesting a determination to reduce DFAT’s other departmental item (Equity Injections) in Appropriation Act (No. 2) 2009-2010 by $795,000. The reduction in the other departmental item (Equity Injections) appropriation represents funds that are no longer required as DFAT has completed its capital investments associated with the measure Border Protection – additional resourcing to combat people smuggling. |
Notes on the Instrument | The Schedules to the Determination contain a table listing the affected agency in column 1, the appropriation Act and appropriation item in column 2, which through the request by the responsible Minister in column 3, is reduced by the amount in column 4. In accordance with the Legislative Instruments Act 2003, the Department of Foreign Affairs and Trade was consulted in the preparation of this Instrument. |