Contents

1............ Short title see Note 1........................................................................ 1

2............ Commencement see Note 1.............................................................. 1

3............ Interpretation...................................................................................... 1

4............ Approval of agreement....................................................................... 1

5............ Appropriation.................................................................................... 1

6............ Debt Retirement Reserve Trust Account........................................... 2

7............ Establishment of State and Northern Territory accounts................... 2

8............ Transfer of moneys into the Northern Territory account.................. 2

Schedule--Financial Agreement (1994)                                                                     3

Notes                                                                                                                                            19

 

 

Notes to the Financial Agreement Act 1994

Note 1

The Financial Agreement Act 1994 as shown in this compilation comprises Act No. 106, 1994 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Financial Agreement Act 1994	106, 1994	5 July 1994	1 July 1995 (see Gazette 1995, No. S218)
Audit (Transitional and Miscellaneous) Audit Act 1997	152, 1997	24 Oct 1997	Schedule 2 (items 781-783): 1 Jan 1998 (see Gazette 1997, No. GN49) (a)	--
Financial Framework Legislation Amendment Act 2005	8, 2005	22 Feb 2005	S. 4 and Schedule 1 (items 136, 496): Royal Assent	S. 4 and Sch. 1 (item 496)

(a)      The Financial Agreement Act 1994 was amended by Schedule 2 (items 781-783) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(2) of which provides as follows:

                 (2)   Schedules 1, 2 and 4 commence on the same day as the Financial Management and Accountability Act 1997.

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
Provision affected	How affected
S. 6 .......................................	am. No. 152, 1997
	rs. No. 8, 2005
Schedule ..............................	am. No. 152, 1997

Table A

Application, saving or transitional provisions

Financial Framework Legislation Amendment Act 2005 (No. 8, 2005)

4  Saving of matters in Part 2 of Schedule 1

             (1)  If:

                     (a)  a decision or action is taken or another thing is made, given or done; and

                     (b)  the thing is taken, made, given or done under a provision of a Part 2 Act that had effect immediately before the commencement of this Act;

then the thing has the corresponding effect, for the purposes of the Part 2 Act as amended by this Act, as if it had been taken, made, given or done under the Part 2 Act as so amended.

             (2)  In this section:

Part 2 Act means an Act that is amended by an item in Part 2 of Schedule 1.

Schedule 1

496   Saving provision--Finance Minister's determinations

If a determination under subsection 20(1) of the Financial Management and Accountability Act 1997 is in force immediately before the commencement of this item, the determination continues in force as if it were made under subsection 20(1) of that Act as amended by this Act.