PGPA Act Determination (Seafarers Special Account 2018)

Part 2-Special account credits and debits 2

Part 3-Transitional and Repeal Provisions 3

Part 1-Establishment

This instrument is the PGPA Act Determination (Seafarers Special Account 2018).

Each provision of this instrument 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.

Column 1 Column 2 Column 3

Provisions Commencement Date/Details

The whole of this instrument The later of 31 March 2018 or the day mentioned in paragraph 79(5)(a) of the Act.

Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any version of this instrument published on the Federal Register of Legislation.

This instrument is made under subsections 78(1) and 78(3) of the Act.

In this instrument:

Act means the Public Governance, Performance and Accountability Act 2013.

Authority means the Seafarers Safety, Rehabilitation and Compensation Authority.

date of repeal means the date on which subclause 11(1) takes effect.

Levy Collection Act means the Seafarers Rehabilitation and Compensation Levy Collection Act 1992.

opening balance means the amount that is required to be credited to the special account in clause 9.

Seafarers Act means the Seafarers Rehabilitation and Compensation Act 1992.

SRC Account means the Seafarers Rehabilitation and Compensation Account.

SRC instrument means the instrument that established the SRC Account, the Financial Management and Accountability (Establishment of Special Account) Determination 2002/06.

the special account means the Seafarers Special Account 2018.

For subsection 78(1)(a) of the Act, the Seafarers Special Account 2018 is established as a special account (the special account).

For subsection 78(1)(d) of the Act, the accountable authority responsible for the special account is the Chairperson of the Authority.

Part 2-Special account credits and debits

For subsection 78(1)(b) of the Act, amounts up to and equal to the following may be credited to the special account:

an amount collected under the Levy Collection Act;

an amount received in the performance of activities that relate to a purpose in clause 8;

an amount received from any person for a purpose in clause 8; or

an amount appropriated by the Australian Parliament in relation to a purpose in clause 8.

For subsection 78(1)(c) of the Act, the purposes of the special account, in relation to which amounts may be debited from the special account, are:

making a payment incurred by, or attributable to the Authority that relates to:

the Authority's costs in administering the Levy Collection Act and the special account;

the Authority's costs in administering the Seafarers Act, so far as that administration concerns the Authority in its capacity as an employer under subsection 4(3) of the Seafarers Act;

a claim or other amount payable to a person under the Seafarers Act, so far as that amount is payable by the Authority in its capacity as an employer under subsection 4(3) of the Seafarers Act;

an insurance premium or indemnity for any amount of the Authority's liability under the Seafarers Act; or

repaying an amount where a court order, Act or other law requires or permits the repayment of an amount received under clause 7.

Part 3-Transitional and Repeal Provisions

For subsection 78(1)(b) of the Act, the amount in subclause 9(2) (opening balance) is required to be credited to the special account on the commencement date in clause 2.

The opening balance is equal to the amount standing to the credit of the SRC Account immediately prior to the commencement date in clause 2.