Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 79

Scope

             (1)  This section applies if:

                     (a)  the Finance Minister gives a direction under subsection 77(1) for a purpose in relation to a payment; and

                     (b)  the amount specified in the direction is credited to the BAF Energy Portfolio Special Account.

Debit from the BAF Energy Portfolio Special Account

             (2)  The Energy Minister must ensure that, as soon as practicable after the amount is credited, the BAF Energy Portfolio Special Account is debited for the purposes of making the payment.

             (3)  However, if the payment cannot be made, an amount equal to the credited amount is to be:

                     (a)  debited from the BAF Energy Portfolio Special Account; and

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