Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 69

             (1)  Each of the following is a purpose of the BAF Communications Portfolio Special Account:

                     (a)  making payments in relation to the creation or development of communications infrastructure, so long as the payments are specified under subsection 70(2);

                     (b)  making payments in relation to eligible national broadband network matters, so long as the payments are specified under subsection 70(2).

Note:          See section 21 of the Financial Management and Accountability Act 1997 (debits from Special Accounts).

             (2)  Paragraphs (1)(a) and (b) do not limit each other.

             (3)  A payment under paragraph (1)(a) or (b) may be made:

                     (a)  by way of a grant of financial assistance; or

                     (b)  otherwise than by way of a grant of financial assistance.