SECTION 20 OF THE FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997
DETERMINATION TO ESTABLISH COMPONENT OF THE RESERVED MONEY FUND
I, Graham Millar, Branch Manager, Financial Framework, pursuant to powers delegated to me by the Finance Chief Executive under section 53 of the Financial Management and Accountability Act 1997, determine, for the purposes of section 20 of that Act, that the Department of Health and Family Services – PBPA – Factor (f) Funds Reserve is established as a component of the Reserved Money Fund.
I further determine that:
(a) amounts of the following kinds may be transferred from the Consolidated Revenue Fund to this component:
- all money appropriated by law for the purpose of payment into the component;
- all money received in consideration for any service, benefit, activity, transaction or other matter which is congruent with the expenditure purposes of the component;
- all money paid to the Commonwealth by any person for the expenditure purposes of the component; and,
(b) the purposes for which amounts may be debited to the component are:
- for expenditure in relation to the Factor (f) scheme, part of the Pharmaceutical Industry Development Program, to facilitate increases in manufacture, research and product and process development in Australia.
Graham Millar
Delegate of the Finance Chief Executive
7/4/98