House of Representatives

Financial Framework Legislation Amendment Bill 2004

Explanatory Memorandum

(Circulated by authority of the Minister for Finance and Administration, Senator the Honourable Nick Minchin)

Attachment D

Provisions that specify that amounts must be paid to the Commonwealth

This attachment provides details of amendments that provide that amounts must be paid to the Commonwealth in cases where public money is collected by an entity that is not part of the legal entity of the Commonwealth and that has the power to hold money on its own account. The amendments cover to the following activities:

levies, etc collected by National Registration Authority for Agricultural and Veterinary Chemicals under the Agricultural and Veterinary Chemical Products (Collection of Interim Levy) Act 1994 and the Agricultural and Veterinary Chemical Products (Collection of Levy) Act 1994;
unclaimed moneys under the control of a trustee, including the Official Trustee in Bankruptcy, mentioned in the Bankruptcy Act 1966;
charges, etc collected by the Australian Broadcasting Authority under the Broadcasting Services Act 1992;
levies collected by the Coal Mining Industry (Long Service Leave Funding) Corporation and or another person under the Coal Mining Industry (Long Service Leave) Payroll Collection Act 1992;
money in unclaimed money accounts managed by Australian Securities and Investments Commission under the Corporations Act 2001;
levies, etc collected by the Australian Prudential Regulation Authority under the Financial Institutions Supervisory Levies Collection Act 1988;
charges, etc collected by the Great Barrier Reef Marine Park Authority under the Great Barrier Reef Marine Park Act 1975;
penalties collected, money received, etc by the Australian Maritime Safety Authority and other entities under the Navigation Act 1912;
penalties, etc collected by the Slot Manager under the Sydney Airport Demand Management Act 1997;
charges, etc collected by the Australian Communications Authority under the Telecommunications Act 1997; and
penalties, etc collected by the Australian Communications Authority under the Telecommunications (Consumer Protection and Service Standards) Act 1999.


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