(1) In each financial
year that starts on or after amendment day, an amount equal to the forecast
investment income for the financial year is to be charged to the FHRI Fund and
credited to the FHRI Account.
(2) Otherwise, money
standing to the credit of the FHRI Fund —
(a) is
to be held in perpetuity to the credit of the FHRI Fund; and
(b)
cannot be applied for any purpose.
(3) The Treasurer
cannot give a direction in relation to the FHRI Fund under the
Financial Management Act 2006 section 20(1).
(4) The
Financial Management Act 2006 section 12 does not apply to money standing to
the credit of the FHRI Fund.
[Section 9 inserted: No. 22 of 2020 s. 14.]