The instrument to which this explanatory statement relates | Financial Management and Accountability Act 1997 Determination 2012/17 – Section 32 (Transfer of Functions from ABCC to FWBII) |
Date instrument was made | 4 May 2012 |
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 certain officials within Finance. |
Purpose and effect of the instrument | Schedule 1 of this Instrument amends Appropriation Act (No. 1) 2010-2011 to:
Schedule 2 of this Instrument amends Appropriation Act (No. 1) 2011-2012 to:
The effect of these schedules is to transfer all functions from ABCC to FWBII. |
Background | Due to a Government decision, the ABCC is to be abolished as at 31 May 2012 and all functions will be transferred to FWBII. |
Notes on the instrument | In accordance with Part 3 of the Legislative Instruments Act 2003, ABCC and FWBII were consulted in the preparation of this instrument. This Determination is a legislative instrument for the purposes of section 5 of the Legislative Instruments Act 2003. |
Human Rights Impact Statement | This Instrument is exempt from disallowance under |