Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 84

             (1)  If:

                     (a)  the Board receives an amount of money; and

                     (b)  none of the following:

                              (i)  another provision of this Act;

                             (ii)  a provision of the Nation-building Funds Act 2008 ;

                            requires the amount to be credited to:

                            (iii)  the Fund Account; or

                            (iv)  the Building Australia Fund Special Account; or

                             (v)  the Education Investment Fund Special Account; or

                            (vi)  the Health and Hospitals Fund Special Account;

the amount is to be credited to the Fund Account.

Transfer of amounts to the Building Australia Fund Special Account

             (2)  If an amount is credited to the Fund Account under subsection (1), the nominated Minister may, by writing, direct that a specified amount is to be:

                     (a)  debited from the Fund Account; and

                     (b)  credited to the Building Australia Fund Special Account;

on a specified day.

Transfer of amounts to the Education Investment Fund Special Account

             (3)  If an amount is credited to the Fund Account under subsection (1), the nominated Minister may, by writing, direct that a specified amount is to be:

                     (a)  debited from the Fund Account; and

                     (b)  credited to the Education Investment Fund Special Account;

on a specified day.

Transfer of amounts to the Health and Hospitals Fund Special Account

             (4)  If an amount is credited to the Fund Account under subsection (1), the nominated Minister may, by writing, direct that a specified amount is to be:

                     (a)  debited from the Fund Account; and

                     (b)  credited to the Health and Hospitals Fund Special Account;

on a specified day.

Other provisions

             (5)  If:

                     (a)  an amount (the first amount ) is credited to the Fund account under subsection (1); and

                     (b)  one or more amounts (the transfer amounts ) are specified under any or all of subsections (2), (3) and (4) in relation to the first amount;

the sum of the transfer amounts must not exceed the first amount.

             (6)  A direction under subsection (2), (3) or (4) is not a legislative instrument.