Financial Management and Accountability Amendment Regulation 2013 (No. 1)

Link to law: https://www.comlaw.gov.au/Details/F2013L00391

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Financial Management and Accountability Amendment Regulation 2013 (No. 1)
 
Select Legislative Instrument No. 27, 2013
I, Quentin Bryce, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Financial Management and Accountability Act 1997.
Dated                         01 March 2013
Quentin Bryce
Governor‑General
By Her Excellency’s Command
Penelope Ying Yen Wong
Minister for Finance and Deregulation
 
  
  
Contents
1............ Name of regulation.............................................................................. 1
2............ Commencement................................................................................... 1
3............ Authority............................................................................................. 1
4............ Schedule(s)......................................................................................... 1
Schedule 1—Amendments commencing on day after registration          3
Financial Management and Accountability Regulations 1997                         3
Schedule 2—Amendments commencing on 1 June 2013                               5
Financial Management and Accountability Regulations 1997                         5
 
1  Name of regulation
                   This regulation is the Financial Management and Accountability Amendment Regulation 2013 (No. 1).
2  Commencement
             (1)  Each provision of this regulation specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
 
Commencement information

Column 1
Column 2
Column 3

Provision(s)
Commencement
Date/Details

1.  Sections 1 to 4
The day after this regulation is registered.
 

2.  Schedule 1
The day after this regulation is registered.
 

3.  Schedule 2
1 June 2013.
1 June 2013

Note:          This table relates only to the provisions of this regulation as originally made. It will not be amended to deal with any later amendments of this regulation.
             (2)  Any information in column 3 of the table is not part of this regulation. Information may be inserted in this column, or information in it may be edited, in any published version of this regulation.
3  Authority
                   This regulation is made under the Financial Management and Accountability Act 1997.
4  Schedule(s)
                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1—Amendments commencing on day after registration
  
Financial Management and Accountability Regulations 1997
1  Schedule 1 (table item 181)
Repeal the item.
2  Part 4 of Schedule 1AA (table item 410.004)
Repeal the item, substitute:
410.004
Financial Management

 
Objective: To improve the financial knowledge, skills, capabilities and financial resilience of vulnerable individuals and families and to alleviate the immediate impact of financial stress, and to progress initiatives in relation to problem gambling. Includes funding for research and stakeholder engagement and funding to peak bodies and other stakeholder organisations

3  Part 4 of Schedule 1AA (table item 410.008)
Repeal the item, substitute:
410.008
Allowances, Concessions and Services for Seniors

 
Objective: To make payments and provide services to senior Australians: to assist with household expenses; to enable them to maintain their standard of living; and to increase their access to information and community resources

4  Part 4 of Schedule 1AA (table item 426.001)
Repeal the item, substitute:
426.001
Support for Markets and Business and the Development and Operation of the Commonwealth Superannuation System

 
Objective: To provide grant funding to the Centre for International Finance and Regulation, to make payments in respect to insurance claims arising from the residual HIH claims support scheme and Housing Loans Insurance Company Limited portfolio, and to provide grant funding to the Superannuation Consumer Centre to develop policy, conduct research and provide information and assistance to consumers in relation to Commonwealth‑regulated superannuation

Schedule 2—Amendments commencing on 1 June 2013
  
Financial Management and Accountability Regulations 1997
1  Paragraph 3A(1)(c)
Omit “promote 1 or more”, substitute “help to address one or more”.
2  Paragraph 3A(1)(d)
Repeal the paragraph, substitute:
                     (d)  under which the recipient may be required to act in accordance with specified terms or conditions.
3  Paragraphs 3A(2)(b), (c) and (d)
Repeal the paragraphs, substitute:
                     (b)  an act of grace payment approved under section 33 of the Act;
                     (c)  a payment of compensation made under:
                              (i)  an arrangement relating to defective administration; or
                             (ii)  an arrangement relating to employment conditions; or
                            (iii)  an arrangement established by legislation;
                     (d)  a payment to a person of a benefit or entitlement established by legislation;
4  Paragraph 3A(2)(f)
Omit “of public money”.
5  Subregulation 3A(2) (note)
Repeal the note, substitute:
Note 1:       The Commonwealth has regard to the definition of official development assistance that the OECD has set out in its DAC Statistical Reporting Directives, available on the OECD’s website.
Note 2:       A gift of public property is not a grant as described in subregulation (1). Section 43 of the Act provides for gifts of this kind.