“(2) On the day on which this section commences, the Treasurer shall establish the following trust accounts under subsection (2) of section 85 of the Audit Act:

        (a)     an account named the Home Purchase Assistance Account;

        (b)     an account named the Housing Rental Trust Account;

        (c)     an account named the Home Loan Trust Account;

and the Treasurer shall maintain those accounts under that section.

“(3) The Housing Rental Trust Account shall include a ledger account to be known as the Rental Capital Account.

“(4) The purposes of the Home Purchase Assistance Account shall be—

        (a)     to receive—

              (i)     the money referred to in paragraph 17 (a) of the Housing Agreement; and

              (ii)     money from the Home Loan Trust Account pursuant to subparagraph (6) (b) (iii) or (iv); and

        (b)     to provide funds—

              (i)     in accordance with paragraph 17 (b) and clauses 18 and 20 of the Housing Agreement for the purposes referred to in clause 20 of that agreement; and

              (ii)     to the Home Loan Trust Account for the purposes referred to in paragraph 17 (b) and clauses 18 and 20 of the Housing Agreement.

“(5) The purposes of the Housing Rental Trust Account shall be—

        (a)     in respect of the Rental Capital Account—

              (i)     to receive—

(A)     the money referred to in clause 22 of the Housing Agreement; and

(B)     any moneys payable to the account under clause 24 of the Housing Agreement; and

              (ii)     to provide funds in accordance with the Housing Agreement for the purposes referred to in subclauses 23 (1) and (2) of that agreement; and

        (b)     in respect of the remainder of the Housing Rental Trust Account—to receive or pay any moneys receivable or payable by the Commissioner under this Act other than moneys referred to in subsection (4), paragraph (a) or subsection (6).

“(6) The purposes of the Home Loan Trust Account shall be—

        (a)     to receive—

              (i)     money borrowed by the Territory or the Commissioner for the purpose of enabling the Commissioner to advance money to assist a person to—

(A)     purchase a dwelling;

(B)     re-finance the purchase of a dwelling;

(C)     erect or modify a dwelling;

(D)     re-finance the erection or modification of a dwelling; or

(E)     purchase land for the purpose of erecting a dwelling;

              (ii)     money paid to the Commissioner as interest on advances made by the Commissioner from money referred to in subparagraph (i);

              (iii)     money paid to the Commissioner in repayment of advances made by the Commissioner from money referred to in subparagraph (i);

              (iv)     money transferred to the Home Loan Trust Account in accordance with subparagraph (4) (b) (ii); and

              (v)     fees and other moneys paid to the Commissioner in the course of making advances referred to in subparagraph (b) (i); and

        (b)     to provide funds to—

              (i)     enable the Commissioner to advance money to assist a person to—

(A)     purchase a dwelling;

(B)     re-finance the purchase of a dwelling;

(C)     erect or modify a dwelling;

(D)     re-finance the erection or modification of a dwelling; or

(E)     purchase land for the purpose of erecting a dwelling;

              (ii)     meet expenditure incurred by the Territory or the Commissioner in providing and administering home purchase assistance;

              (iii)     enable the Commissioner to repay moneys transferred to the Home Loan Trust Account (including any interest on those moneys) in accordance with paragraph (4) (b) (ii); and

              (iv)     enable the Commissioner to pay to the Home Purchase Assistance Account any moneys identified by the Commissioner as surplus funds from operations.

“(7) In subsection (6), a reference to a dwelling shall be read as including a reference to part of a dwelling.

“(8) Where an instrument under subsection 85 (2) of the Audit Act describes the purposes of—

        (a)     the Home Purchase Assistance Account by reference to subsection (4);

        (b)     the Housing Rental Trust Account by reference to subsection (5); or

        (c)     the Home Loan Trust Account by reference to subsection (6);

those purposes shall be taken—

        (d)     to be sufficiently defined for the purposes of subsection 85 (2) of the Audit Act; and

        (e)     to be varied from time to time in accordance with any amendment of that subsection.”.