Financial Management and Accountability (Determination 2004/11 — Australian Government Analytical Laboratory Account) Abolition 2004

Overview

The Financial Management and Accountability (Determination 2004/11 — Australian Government Analytical Laboratory Account) Abolition 2004 is a legislative instrument made by Nick Minchin, the Minister for Finance and Administration, under subsection 20(3) of the Financial Management and Accountability Act 1997. This determination, dated 9 July 2004, aims to abolish the Australian Government Analytical Laboratory Account. The decision to abolish this account was made to streamline financial management processes within the Australian government, ensuring more efficient and effective allocation of resources. The abolition took effect from 30 June 2004, as specified in the commencement clause of the determination.

Scope and Application

The Financial Management and Accountability (Determination 2004/11 — Australian Government Analytical Laboratory Account) Abolition 2004 is a legislative instrument made under the Financial Management and Accountability Act 1997 by Nick Minchin, the Minister for Finance and Administration. The determination abolishes the Australian Government Analytical Laboratory Account, effective from 30 June 2004. This act pertains to the specific account within the government's financial management framework, and its abolition signifies a restructuring or re-allocation of financial responsibilities and oversight within the government's administrative processes. The legislation applies directly to the Australian Government Analytical Laboratory Account and its associated financial transactions, affecting entities and persons involved in managing or utilising this account. The jurisdictional reach of this determination is within the Commonwealth, impacting national financial management practices. No exclusions, exemptions, or thresholds are specified in this particular determination, and its scope is limited to the abolition of the named account without extending to other accounts or financial instruments through subordinate instruments.

Key Provisions

The main operative sections of this legislative instrument, the Financial Management and Accountability (Determination 2004/11 — Australian Government Analytical Laboratory Account) Abolition 2004, establish that the Australian Government Analytical Laboratory Account is abolished as of 30 June 2004 (section 2). This determination is made under the authority provided in section 20(3) of the Financial Management and Accountability Act 1997 (section 1). The name of this determination is specified to be the Financial Management and Accountability (Determination 2004/11 — Australian Government Analytical Laboratory Account) Abolition 2004 (section 1). The obligations and requirements imposed by this Act primarily revolve around the formal abolition of the Australian Government Analytical Laboratory Account, as per section 2. This means that the account is no longer recognised or maintained for financial management and accountability purposes within the Australian government. The date of commencement for this abolition is set at 30 June 2004 (section 3), ensuring that all relevant financial records, transactions, and account-related activities are appropriately concluded and transitioned by this date. Regarding offences, penalties, or civil/criminal consequences for breach, the legislative instrument does not explicitly outline specific penalties or consequences for failing to comply with the abolition of the account. However, it is implied that any non-compliance with the Financial Management and Accountability Act 1997, such as continued use of the abolished account, could result in penalties as stipulated in the overarching Act. The Financial Management and Accountability Act 1997 itself provides for various offences, which could include fines and imprisonment, depending on the severity of the breach. Nonetheless, the specific maximum penalties for breaches related to this determination would be detailed within the primary Act rather than this determination.