Issued by the authority of the Minister for Finance and Deregulation
The instrument to which this explanatory statement relates
| FMA Act Determination 2010/08 – Section 32 (Transfer of Functions from ITSA to AGD) |
Date instrument was made
| 23 April 2010 |
The legislative authority under which the instrument is made
| Subsection 32(2) of the Financial Management and Accountability Act 1997 (FMA Act) enables the Minister for Finance and Deregulation (Finance Minister) to determine that one or more Schedules to one or more Appropriation Acts are amended in relation to the transfer of a function from one agency to another.
Under section 62 of the FMA Act the Finance Minister has delegated this power to the Secretary of the Department of Finance and Deregulation (Finance). Under section 53 of the FMA Act, the Secretary of Finance has delegated this power to officials within Finance. |
Purpose and effect of the instrument
| Schedule 1 of this Instrument amends the Appropriation Act (No. 1) 2009-2010 to transfer an amount of $407,375 of the departmental item for the Insolvency and Trustee Service Australia (ITSA) to the departmental item for the Attorney-General’s Department (AGD). The effect of this schedule is to:
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Background | An Order to amend the specified functions of the Insolvency and Trustee Service Australia of 14 April 2010 removed the bankruptcy policy function from ITSA as this function is now performed by the Attorney-General’s Department. The change enables ITSA to concentrate on its service delivery and regulatory functions and make the policy advice role a departmental function. This Determination transfers appropriation for the bankruptcy policy function, from ITSA to AGD. |
Notes on the Instrument | In accordance with the Legislative Instruments Act 2003, ITSA and AGD were consulted in the preparation of this instrument. This Determination is a legislative instrument for the purposes of the Legislative Instruments Act 2003. |