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National Disability Insurance Scheme Savings Fund Special Account Bill 2016

2016

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

National Disability Insurance Scheme Savings Fund Special Account Bill 2016

 

No.      , 2016

 

(Social Services)

 

 

 

A Bill for an Act to establish the National Disability Insurance Scheme Savings Fund Special Account, and for related purposes

   

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Definitions.......................................................................................... 2

4............ Main object of Act.............................................................................. 2

5............ Establishment of the National Disability Insurance Scheme Savings Fund Special Account   3

6............ Purposes of the National Disability Insurance Scheme Savings Fund Special Account           3

7............ Credits to Special Account—determinations by the Minister.............. 3

8............ Delegation by the Minister.................................................................. 4

9............ Review of operation of Act................................................................. 4

 



A Bill for an Act to establish the National Disability Insurance Scheme Savings Fund Special Account, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the National Disability Insurance Scheme Savings Fund Special Account Act 2016.

2   Commencement

             (1)  Each provision of this Act 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

Provisions

Commencement

Date/Details

1.  The whole of this Act

The day this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Definitions

                   In this Act:

National Disability Insurance Scheme Launch Transition Agency means the National Disability Insurance Scheme Launch Transition Agency established by section 117 of the National Disability Insurance Scheme Act 2013 .

National Disability Insurance Scheme Savings Fund Special Account means the National Disability Insurance Scheme Savings Fund Special Account established by section 5.

4   Main object of Act

                   The main object of this Act is to assist the Commonwealth to meet its funding obligations in relation to the National Disability Insurance Scheme Act 2013 .

5   Establishment of the National Disability Insurance Scheme Savings Fund Special Account

             (1)  The National Disability Insurance Scheme Savings Fund Special Account is established by this section.

             (2)  The National Disability Insurance Scheme Savings Fund Special Account is a special account for the purposes of the Public Governance, Performance and Accountability Act 2013 .

6   Purposes of the National Disability Insurance Scheme Savings Fund Special Account

                   Each of the following is a purpose of the National Disability Insurance Scheme Savings Fund Special Account:

                     (a)  to assist the Commonwealth to meet its funding obligations in relation to the National Disability Insurance Scheme Act 2013 ;

                     (b)  to make payments to the National Disability Insurance Scheme Launch Transition Agency for the purposes of the Agency;

                     (c)  to reduce the balance of the Account (and, therefore, the available appropriation for the Account) without making a real or notional payment.

Note:          See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).

7   Credits to Special Account—determinations by the Minister

             (1)  The Minister may, by writing, determine that:

                     (a)  a specified amount is to be credited to the National Disability Insurance Scheme Savings Fund Special Account on a specified day; or

                     (b)  a specified amount is to be credited to the National Disability Insurance Scheme Savings Fund Special Account in specified instalments on specified days.

Note:          For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901 .

             (2)  A determination under subsection (1) is not a legislative instrument.

8   Delegation by the Minister

             (1)  The Minister may, by writing, delegate any or all of his or her powers under section 7 to:

                     (a)  the Secretary of the Department; or

                     (b)  an SES employee, or acting SES employee, in the Department.

Note:          The expressions SES employee and acting SES employee are defined in section 2B of the Acts Interpretation Act 1901 .

             (2)  In exercising powers under a delegation, the delegate must comply with any directions of the Minister.

9   Review of operation of Act

                   The Minister must cause a review of the operation of this Act to be undertaken in the financial year ending on 30 June 2027.