HOUSING ACT 2003 - SECT 10 Queensland Housing Fund

HOUSING ACT 2003 - SECT 10

10 Queensland Housing Fund

(1) The Queensland Housing Commission Fund under the repealed Act is continued in existence as the Queensland Housing Fund.

(2) The Financial Accountability Act 2009 applies to the fund.

(3) Accounts for the fund must be kept as part of the departmental accounts.

(4) Amounts received for the fund must be deposited in a departmental financial-institution account of the department, but may be deposited in an account used for depositing other amounts of the department.

(5) Amounts received for the fund include—

(a) amounts paid to the department as part of its vote under the Financial Accountability Act 2009 and made available by the department for use under this Act; and

(b) amounts received from the Commonwealth for providing housing services; and

(c) repayments for loans made under this Act; and

(d) rent payments for public housing provided under this Act; and

(e) the proceeds of the sale of portfolio property; and

(f) other amounts received by the department under this Act.

(6) An amount is payable from the fund for the purposes of this Act.

Examples of amounts payable from the fund—

• grants to registered providers

• loans to individuals to obtain housing

• purchases of land for the property portfolio

• costs of administering this Act

(7) Other amounts may be paid into, or out of, the fund for non-housing purposes but an amount may not be paid out of the fund for a non-housing purpose that is more than the amount paid into the fund for that non-housing purpose.

(8) An amount may be paid into the fund under this section only if the amount is not required, under the Financial Accountability Act 2009 or another Act, to be paid into another fund or an account other than a departmental account.

(9) In this section—


"departmental accounts" means the accounts of the department under the Financial Accountability Act 2009 , section 69 .


"non-housing purpose" means a purpose other than a purpose of this Act.


"other amounts of the department" means amounts received by the department other than amounts received for the fund.