Commonwealth Numbered Acts

FINANCIAL FRAMEWORK LEGISLATION AMENDMENT ACT (NO. 1) 2011 (NO. 89, 2011) - SCHEDULE 7

1  Section 59

Repeal the section, substitute:

59   Credits to the Wheat Exports Australia Special Account

                   There must be credited to the Wheat Exports Australia Special Account amounts equal to the following:

                     (a)  the wheat export charge amounts received by the Commonwealth;

                     (b)  amounts received by way of fees referred to in section 10;

                     (c)  any other amounts received for any purpose of the Wheat Exports Australia Special Account.

Note:          An Appropriation Act may contain a provision to the effect that, if any of the purposes of a Special Account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the Special Account), then amounts may be debited against the appropriation for that item and credited to that Special Account.

2  Application of amendment made by item 1

The amendment made by item 1 of this Schedule applies in respect of an amount received on or after the commencement of that item.