Commonwealth Consolidated Acts

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NATION-BUILDING FUNDS ACT 2008 - SECT 3

Simplified outline

                   The following is a simplified outline of this Act:

•       Chapter 2 sets up the Building Australia Fund, which will enhance the Commonwealth's ability:

               (a)     to make payments in relation to the creation or development of transport infrastructure; and

              (b)     to make payments in relation to the creation or development of communications infrastructure; and

               (c)     to make payments in relation to eligible national broadband network matters; and

              (d)     to make payments in relation to the creation or development of energy infrastructure; and

               (e)     to make payments in relation to the creation or development of water infrastructure.

•       Chapter 3 sets up the Education Investment Fund, which will enhance the Commonwealth's ability:

               (a)     to make payments in relation to the creation or development of higher education infrastructure; and

              (b)     to make payments in relation to the creation or development of research infrastructure; and

               (c)     to make payments in relation to the creation or development of vocational education and training infrastructure; and

              (d)     to make payments in relation to the creation or development of eligible education infrastructure; and

               (e)     to make transitional HEEF payments.

•       Chapter 4 sets up the Health and Hospitals Fund, which will enhance the Commonwealth's ability to make payments in relation to the creation or development of health infrastructure.



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