Determination to Reduce Appropriations Upon Request (No. 19 of 2008-2009)

Administered by Department of Finance

Legislation au F2009L01099 Not in force Legislative Instrument

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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. 19 of 2008-2009)
Date instrument was made	10 March 2009
The legislative authority under which the instrument is made	Subsection 13(2) of annual Appropriation Act (No. 2) 2008‑2009 enables the Minister for Finance and Deregulation (Finance Minister) to make a determination reducing an other departmental item. Under subsection 13(1) such a determination must be in accordance with a written request made to the Finance Minister by the responsible Minister for the Agency, or if the Finance Minister is responsible for the Agency, the Chief Executive of the Agency. A determination made under subsection 13(2) 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 Australian Competition and Consumer Commission (ACCC) in Appropriation Act (No. 2) 2008-2009 be reduced by $356,000.00. The effect of this Instrument is to reduce the other departmental item (Equity Injections) for ACCC in Schedule 2 of Appropriation Act (No. 2) 2008-2009 by the amount of $356,000.00.
Background	The Assistant Treasurer, Minister for Competition Policy and Consumer Affairs wrote to the Finance Minister on 3 February 2009 requesting a determination to reduce ACCC’s other departmental item (Equity Injections) under Appropriation Act (No. 2) 2008‑2009. The requested reduction relates to savings associated with the ‘Petrol price monitoring – FuelWatch measure.
Notes on the Instrument	Schedule 1 to the Instrument contains the Determination which provides that the agency 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, ACCC was consulted in the preparation of this Instrument.

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