Royal Australian Mint Special Account (Departmental)

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Balance brought forward from previous period

Increases:

Other Receipts

Available for payments

Decreases:

Other Payments

Total balance carried to the next period

Balance represented by:

Cash held in entity bank account

Cash held in the Official Public Account

Total balance carried to the next period

The Mint operates entirely through its special account, which was created under a s20 Financial Management and Accountability Act 1997 (FMA Act 1997) determination. The special account determination is to sunset on 1 October 2023.

The determination was originally made under subsection 20(1) of the FMA Act 1997 and from 1 July 2014 is taken to have been made under subsection 78(1) of the Public Governance, Performance and Accountability Act 2013.

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Appropriation: Public Governance, Performance and Accountability Act 2013 section 78

Establishing Instrument: FMA Act (Royal Australian Mint Special Account) Determination 2013/04

Purpose:

(a) to make payments in relation to purchasing producing, supplying, storing, selling and distributing coinage, medals, dies, tokens, plaques, and other like items;

(b) to make payments in relation to managing and operating the Royal Australian Mint;

(c) to make payments incidental to the above-mentioned purposes;

(d) to reduce the balance of this Special Account without making a real or notional payment;

(e) to repay amounts received by the Commonwealth and credited to this Special Account where an Act or other law requires or permits the amounts to be repaid.