Commonwealth Numbered Acts

Australian Shipping Commission (Additional Capital) Act 1985 No. 57 of 1985 - SECT 3

3. (1) Subject to this section, there is payable to the Australian Shipping
Commission, for the purpose of providing additional capital for the
Commission, the sum of $70,541,000.

(2) Payments to the Australian Shipping Commission under sub-section (1) shall
be made in such amounts and at such times as the Minister for Finance
determines.

(3) Payments to the Australian Shipping Commission under sub-section (1) shall
be made out of the Consolidated Revenue Fund, which is appropriated
accordingly.

(4) If, before the commencement of this Act, an amount (in this sub-section
referred to as the "relevant amount") has been paid to the Commission as
additional capital out of money appropriated from the Consolidated Revenue
Fund by the Appropriation Act (No. 2) 1984-85 by way of an Advance to the
Minister for Finance-

   (a)  the relevant amount shall, for the purposes only of sub-section (1),
        be deemed to have been paid to the Australian Shipping Commission
        under that sub-section; and

   (b)  if this Act comes into operation before 1 July 1985, the relevant
        amount shall be deemed not to have been paid out of the appropriation
        of the Consolidated Revenue Fund made in the Appropriation Act (No. 2)
        1984-85 by way of an Advance to the Minister for Finance.