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FINANCIAL MANAGEMENT AND ACCOUNTABILITY AMENDMENT REGULATIONS 1999 (NO. 3) - SCHEDULE 2

Amendments commencing on 1 July 1999

(regulation 3)

[1] Regulation 3, heading

substitute

3 Definitions

[2] Regulation 3, definition of official advance

substitute

"Treasury Chief Executive" means the Secretary to the Department of the Treasury.

[3] Part 5

omit

[4] Regulation 22

substitute

22 Investment of public money
For subparagraphs (a) (iv) and (b) (v) of the definition of authorised investment in subsection 39 (10) of the Act, the other forms of investment are:

(a)
a bill of exchange accepted or endorsed only by a bank; and

(b)
a professionally managed money market trust if the Minister or the Treasurer is satisfied that:

(i)
the only investments managed by the trust are mentioned in subparagraph (a) (i) or (ii), or (b) (i) or (ii), of the definition of authorised investment in subsection 39 (10) of the Act, or in paragraph (a); and
(ii)
a charge over trust assets does not support any borrowings by the trust.

[5] Subregulation 24 (1)

substitute

(1)
The Finance Minister may delegate to an official, by signed instrument, any of the Finance Minister's powers or functions under these regulations.

[6] After regulation 24

insert

24A Treasurer may delegate powers
(1)
The Treasurer may delegate to an official, by signed instrument, any of the Treasurer's powers or functions under these regulations.

(2)
In exercising powers and functions under a delegation, the official must comply with any directions of the Treasurer.

[7] Subregulation 25 (1)

substitute

(1)
The Finance Chief Executive may delegate to an official, by signed instrument, any of the Financial Chief Executive's powers or functions under these regulations.

[8] After regulation 25

insert

25A Treasury Chief Executive may delegate powers
(1)
The Treasury Chief Executive may delegate to an official, by signed instrument, any of the Treasury Chief Executive's powers or functions under these regulations.

(2)
In exercising powers and functions under a delegation, the official must comply with any directions of the Treasury Chief Executive.

[9] Subregulation 26 (1)

substitute

(1)
The Chief Executive of an agency may delegate to an official, by signed instrument, any of the Chief Executive's powers or functions under these regulations (including powers delegated to the Chief Executive by the Finance Minister or the Finance Chief Executive).

[10] Schedule 1, Part 1, after item 111

insert

111AAA


Australian Geological Survey Organisation (AGSO), comprising:

(a)
the person occupying, or performing the duties of, the office known as the Chief Executive of AGSO; and

(b)
the person appointed or employed under the Public Service Act 1922 to assist the Chief Executive


Chief Executive of AGSO


[11] Schedule 1, Part 1, after item 128A

insert

128AB


Migration Review Tribunal (MRT), comprising:

(a)
the Principal Member, and other members mentioned in section 395 of the Migration Act 1958 ; and

(b)
the officers of the Tribunal mentioned in section 407 of the Migration Act 1958


Principal Member of the MRT


[12] Schedule 1, Part 1, after item 142

insert

143


Refugee Review Tribunal (RRT), comprising:

(a)
the Principal Member, and other members mentioned in section 458 of the Migration Act 1958 ; and

(b)
the officers of the Tribunal mentioned in section 472 of the Migration Act 1958


Principal Member of the RRT



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