(1) In the period of 12 months commencing on 1 July each year, TfNSW must make
available the amount of subsidies that the Minister with the concurrence of
the Treasurer estimates will be granted to councils under this Part in that
period of 12 months.
(2) The Minister, before the commencement of each period
of 12 months referred to in subsection (1), is to serve a notice on TfNSW
specifying the amount of the payment required.
(3) An amount payable under
this section in any period of 12 months is to be paid in such sum or sums, at
such time or times during that period and in such manner as the Minister may
require in and by the notice referred to in subsection (2).
(4) TfNSW may
make the whole or any part of a payment required by this section out of the
TfNSW Fund.
