Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 269

Scope

             (1)  This section applies to a financial year if:

                     (a)  in the case of the financial year ending on 30 June 2009--no declaration is in force under paragraph 267(1)(a); or

                     (b)  in the case of a later financial year--no Appropriation Act relating to the financial year declares that a specified amount is the general drawing rights limit in relation to the financial year for the purposes of section 267.

No drawing rights to be issued

             (2)  Drawing rights authorising any of the following debits in the financial year must not be issued:

                     (a)  the debit of an amount from the Health and Hospitals Fund Special Account for the purpose mentioned in paragraph 218(1)(a);

                     (b)  the debit of an amount from the HHF Health Portfolio Special Account (other than a debit under section 264);

                     (c)  the debit of an amount from the COAG Reform Fund in accordance with subsection 265(2).