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 |
Date instrument was made | 16 March 2009 |
The legislative authority under which the instrument is made
| Subsection 11(1) of annual Appropriation Acts (No. 2) and (No. 4) enable the Minister for Finance and Deregulation (Finance Minister) to make a determination reducing an other departmental item.
A determination made under subsection 11(1) must be in accordance with a written request made to the Finance Minister by the responsible Minister for the entity.
A determination made under subsection 11(1) is a Legislative Instrument and is disallowable. |
Purpose and effect of the instrument
| Schedule 1, Item 1 of the Instrument determines that the other departmental item (Equity Injections) for the Department of the Prime Minister and Cabinet (PM&C) in Appropriation Act (No. 2) 2005-2006 be reduced by $494,854.38.
The effect of this Instrument is to reduce the other departmental item (Equity Injections) for PM&C in Schedule 2 of Appropriation Act (No. 2) 2005-2006 by the amount of $494,854.38. |
| Schedule 2, Item 1 of the Instrument determines that the other departmental item (Equity Injections) for PM&C in Appropriation Act (No. 4) 2005-2006 be reduced by $1,485,098.47.
The effect of this Instrument is to reduce the other departmental item (Equity Injections) for PM&C in Schedule 2 of Appropriation Act (No. 4) 2005-2006 by the amount of $1,485,098.47. |
| Schedule 3, Item 1 of the Instrument determines that the other departmental item (Equity Injections) for PM&C in Appropriation Act (No. 2) 2006-2007 be reduced by $1,429,278.15.
The effect of this Instrument is to reduce the other departmental item (Equity Injections) for PM&C in Schedule 2 of Appropriation Act (No. 2) 2006-2007 by the amount of $1,429,278.15. |
Background | The Parliamentary Secretary to the Prime Minister wrote to the Finance Minister on 12 February 2009 requesting a determination to reduce PM&C’s other departmental items (Equity Injections) under Appropriation Act (No. 2) 2005‑2006, Appropriation Act (No. 4) 2005-2006 and Appropriation Act (No. 2) 2006-2007.
The requested reductions relate to surplus funds no longer required, provided to PM&C for the Asia‑Pacific Economic Cooperation Taskforce. |
Notes on the Instrument | The Schedules to the Instrument list the entities to which a determination applies. The entities are listed alphabetically, by portfolio.
Each entity’s reduction determination table is contained within an individual provision. Each provision provides that the entity in column 1, has the appropriation item in column 2, under the legislative authority in column 3, through the request by the responsible Minister in Column 4, reduced, by the amount in column 5.
In accordance with the Legislative Instruments Act 2003, PM&C was consulted in the preparation of this Instrument. |
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