Commonwealth Consolidated Acts Commonwealth Consolidated ActsNote: See section 13.
The following is a simplified outline of this Schedule:
• Amounts may be transferred from the Future Fund to the Building Australia Fund, the Education Investment Fund or the Health and Hospitals Fund.
2 Transfers from the Future Fund to the Building Australia Fund
(1) If an amount is debited from the Building Australia Fund Special Account for a purpose mentioned in section 20 of the Nation-building Funds Act 2008 , 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.
(2) The specified amount must not exceed the amount debited from the Building Australia Fund Special Account as mentioned in subsection (1).
(3) A direction under subsection (1) is not a legislative instrument.
3 Transfers from the Future Fund to the Education Investment Fund
(1) If an amount is debited from the Education Investment Fund Special Account for a purpose mentioned in section 138 of the Nation-building Funds Act 2008 , 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.
(2) The specified amount must not exceed the amount debited from the Education Investment Fund Special Account as mentioned in subsection (1).
(3) A direction under subsection (1) is not a legislative instrument.
4 Transfers from the Future Fund to the Health and Hospitals Fund
(1) If an amount is debited from the Health and Hospitals Fund Special Account for a purpose mentioned in section 219 of the Nation-building Funds Act 2008 , 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.
(2) The specified amount must not exceed the amount debited from the Health and Hospitals Fund Special Account as mentioned in subsection (1).
(3) A direction under subsection (1) is not a legislative instrument.