Western Australian Current Acts

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WESTERN AUSTRALIAN FUTURE HEALTH RESEARCH AND INNOVATION FUND ACT 2012 - SECT 9

9 .         Application of FHRI Fund

        (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.]



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