Commonwealth Numbered Acts

STRUCTURED FINANCE SUPPORT (CORONAVIRUS ECONOMIC RESPONSE PACKAGE) ACT 2020 (NO. 27, 2020) - SECT 13

             (1)  There must be credited to the Account amounts equal to the following:

                     (a)  $15 billion, to be credited on the day this Act commences;

                     (b)  income derived from an investment of the Fund;

                     (c)  a return of capital, or any other financial distribution, relating to an investment of the Fund;

                     (d)  the proceeds of the realisation of an investment of the Fund.

             (2)  The Minister may, by notifiable instrument, determine that an amount equal to a specified amount is to be credited to the Account at a time specified in, or ascertained in accordance with, the determination.

             (3)  The time specified in, or ascertained in accordance with, the determination must be on or after the time the determination is made.

             (4)  The determination must be expressed to be for a specified budget year.

             (5)  Before making a determination under subsection (2), the Minister must obtain the agreement of the Finance Minister to the determination.