Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 17

             (1)  The responsible Ministers may, by writing, determine that an amount equal to the balance of the Telstra Sale Special Account as at a specified time is to be:

                     (a)  debited from the Telstra Sale Special Account; and

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

Note:          The Telstra Sale Special Account was established under subsection 20(1) of the Financial Management and Accountability Act 1997 .

             (2)  The responsible Ministers must make a determination under subsection (1) before the end of 30 June 2009.

             (3)  A determination under subsection (1) is a legislative instrument, but section 42 (disallowance) of the Legislative Instruments Act 2003 does not apply to the determination.