Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 (62 of 2014)

Schedule 10   Amendments of Acts starting with M or N

Nation-building Funds Act 2008

285   Sections 267 to 269

Repeal the sections, substitute:

267 Appropriation Acts may specify debit limits

(1) If an Appropriation Act relating to a financial year declares that a specified amount is the debit limit in relation to the financial year for the purposes of this section, the total of the following amounts debited during the financial year must not exceed that limit:

(a) an amount debited from the Health and Hospitals Fund Special Account for the purpose mentioned in paragraph 218(1)(a);

(b) an amount debited from the HHF Health Portfolio Special Account (other than a debit under section 264);

(c) an amount debited from the COAG Reform Fund in accordance with subsection 265(2).

(2) If, for a financial year, there is no Appropriation Act relating to the financial year that specifies a debit limit for the financial year for the purposes of this section, an amount referred to in subsection (1) must not be debited from a Special Account or Fund.

(3) This section applies despite any provision of this Act or the Public Governance, Performance and Accountability Act 2013.