Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 84

  (1)   If:

  (a)   the Board receives an amount of money; and

  (b)   none of the following:

  (i)   another provision of this Act;

  (ia)   a provision of the Future Drought Fund Act 2019 ;

  (iia)   a provision of the DisabilityCare Australia Fund Act 2013 ;

  (iiaa)   a provision of the Disaster Ready Fund Act 2019 ;

  (iiab)   a provision of the Housing Australia Future Fund Act 2023 ;

  (iib)   a provision of the Medical Research Future Fund Act 2015 ;

  (iic)   a provision of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018 ;

    requires the amount to be credited to:

  (iii)   the Fund Account; or

  (iiia)   the Future Drought Fund Special Account; or

  (vii)   the DisabilityCare Australia Fund Special Account; or

  (viia)   the Disaster Ready Fund Special Account; or

  (viib)   the Housing Australia Future Fund Special Account; or

  (viii)   the Medical Research Future Fund Special Account; or

  (ix)   the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account;

the amount is to be credited to the Fund Account.

Transfer of amounts to the Future Drought Fund Special Account

  (1A)   If an amount is credited to the Fund Account under subsection   (1), the nominated Minister may, by writing, direct that a specified amount is to be:

  (a)   debited from the Fund Account; and

  (b)   credited to the Future Drought Fund Special Account;

on a specified day.

Transfer of amounts to the DisabilityCare Australia Fund Special Account

  (4A)   If an amount is credited to the Fund Account under subsection   (1), the nominated Minister may, by writing, direct that a specified amount is to be:

  (a)   debited from the Fund Account; and

  (b)   credited to the DisabilityCare Australia Fund Special Account;

on a specified day.

Transfer of amounts to the Disaster Ready Fund Special Account

  (4AA)   If an amount is credited to the Fund Account under subsection   (1), the nominated Minister may, by writing, direct that a specified amount is to be:

  (a)   debited from the Fund Account; and

  (b)   credited to the Disaster Ready Fund Special Account;

on a specified day.

Transfer of amounts to the Housing Australia Future Fund Special Account

  (4AB)   If an amount is credited to the Fund Account under subsection   (1), the nominated Minister may, by writing, direct that a specified amount is to be:

  (a)   debited from the Fund Account; and

  (b)   credited to the Housing Australia Future Fund Special Account;

on a specified day.

Transfer of amounts to the Medical Research Future Fund Special Account

  (4B)   If an amount is credited to the Fund Account under subsection   (1), the nominated Minister may, by writing, direct that a specified amount is to be:

  (a)   debited from the Fund Account; and

  (b)   credited to the Medical Research Future Fund Special Account;

on a specified day.

Transfer of amounts to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account

  (4C)   If an amount is credited to the Fund Account under subsection   (1), the nominated Minister may, by writing, direct that a specified amount is to be:

  (a)   debited from the Fund Account; and

  (b)   credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account;

on a specified day.

Other provisions

  (5)   If:

  (a)   an amount (the first amount ) is credited to the Fund account under subsection   (1); and

  (b)   one or more amounts (the transfer amounts ) are specified under any or all of subsections   (1A), (4A), (4AA), (4AB), (4B) and (4C) in relation to the first amount;

the sum of the transfer amounts must not exceed the first amount.

  (6)   A direction under subsection   (1A), (4A), (4AA), (4AB), (4B) or (4C) is not a legislative instrument.