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 | 22 June 2009 |
The legislative authority under which the instrument is made
| Subsection 11(2) of annual Appropriation Act (No. 2) 2007‑2008 enables the Minister for Finance and Deregulation (Finance Minister) to make a determination reducing an administered assets and liabilities item or an other departmental item.
Under subsection 11(2) such a determination must be in accordance with a written request made to the Finance Minister by the Chief Executive of an entity for which the Finance Minister is responsible.
A determination made under subsection 11(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 Department of Finance and Administration (Finance) in Appropriation Act (No. 2) 2007-2008 be reduced by $14,645,589.
The effect of this Instrument is to reduce the other departmental item (Equity Injections) for Finance in Schedule 2 of Appropriation Act (No. 2) 2007-2008 by the amount of $14,645,589. |
Background | The Secretary of the Department of Finance and Deregulation wrote to the Finance Minister on 29 May 2009 requesting a determination to reduce Finance’s other departmental item (Equity Injections) under Appropriation Act (No. 2) 2007‑2008.
The requested reduction relates to funding no longer required following the decision not to proceed with the purchase of land for the Darwin Commonwealth Law Courts facility pending further consultation with relevant stakeholders. |
Notes on the Instrument | Schedule 1 to the Instrument contains the Determination which 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 entity Chief Executive in Column 4, reduced, by the amount in column 5.
In accordance with the Legislative Instruments Act 2003, Finance was consulted in the preparation of this Instrument. |