Commonwealth Numbered Acts

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HOUSING AUSTRALIA FUTURE FUND ACT 2023 (NO. 79, 2023) - SECT 13

Purposes of the Housing Australia Future Fund Special Account--purposes related exclusively to the investments etc. of the Housing Australia Future Fund

                   Each of the following is a purpose of the Housing Australia Future Fund Special Account:

                     (a)  paying the costs of, or incidental to, the acquisition of financial assets under section 39;

                     (b)  paying expenses of an investment of the Housing Australia Future Fund;

                     (c)  paying the costs of, or incidental to, the acquisition of derivatives under section 49;

                     (d)  paying or discharging the costs, expenses and other obligations incurred by the Future Fund Board under a contract between the Board and an investment manager engaged under subsection 52(1);

                     (e)  paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, if the bank account relates exclusively to the Housing Australia Future Fund;

                      (f)  paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the Housing Australia Future Fund;

                     (g)  paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the Housing Australia Future Fund.

Note:          See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).



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