Public Account Regulations 2014
I, the Lieutenant-Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Public Account Act 1986 .
17 November 2014A. M. BLOW
Lieutenant-Governor
By His Excellency's Command,
PETER GUTWEIN
Treasurer
These regulations may be cited as the Public Account Regulations 2014 .
These regulations take effect on 29 December 2014.
3. Prescribed amount for deciding whether proceeds of property sale are to be credited to Consolidated Fund
For the purposes of section 8(5)(e) of the Public Account Act 1986 , the prescribed amount is $50 000 for each item of property.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 26 November 2014
These regulations are administered in the Department of Treasury and Finance.
EXPLANATORY NOTE
(This note is not part of the regulation)
These regulations –(a) prescribe $50 000 as the amount for the purposes of section 8(5)(e) of the Public Account Act 1986 ; and(b) are made consequentially on the repeal of the Public Account Regulations 2004 under section 11 of the Subordinate Legislation Act 1992 .