Australian Capital Territory
Financial Management (Territory Authorities) Declaration 2005 (No 2)
Notifiable instrument NI2005–464
made under the
Financial Management Act 1996, s 3B (2), (Declaration that certain bodies are not Territory authorities for Act)
EXPLANATORY STATEMENT

Outline
This Instrument is issued in accordance with section 3B (1) of the Financial Management Act 1996 (the Act) and exempts certain Territory authorities from parts of the Act.  
This instrument is equivalent to and replaces Financial Management Territory Authorities Declaration 2002 (No 1).  The new instrument has been updated as a consequence of recent amendments to the Act, through the Financial Management Legislation Amendment Act 2005.  The replacement instrument ensures that the bodies listed, due to their inherent nature, continue to be exempted from inclusion and consolidation in the Territory’s annual budget (Part 2 of the Act) and Territory financial reports (Division 3.1 of the Act).
Details of the Financial Management (Territory Authorities) Declaration 2005 (No 1)
Clauses 1 and 2 are formal requirements.  They refer to the name and the commencement date of the Instrument.
Clause 3 prescribes that a number of bodies established as bodies corporate under legislation currently in force in the Territory are not Territory authorities for the purposes of Part 2 and Division 3.1 of the Act only.  
Clause 4 revokes the notifiable instrument NI2002‑172, Financial Management Territory Authorities Declaration 2002 (No 1), notified on the Legislation Register on 17 June 2002 (see Outline above).
End