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

Schedule 5   Corporate status of bodies

Part 4   Other bodies continuing as bodies corporate

National Health Reform Act 2011

77   After Part 4.13

Insert:

Part 4.13A - Finance

212A Money payable to the Pricing Authority

(1) There is payable to the Pricing Authority such money as is appropriated by the Parliament for the purposes of the Pricing Authority.

(2) The Finance Minister may give directions about the amounts in which, and the times at which, money payable under subsection (1) is to be paid to the Pricing Authority.

(3) If a direction under subsection (2) is given in writing, the direction is not a legislative instrument.

(4) In this section:

Finance Minister means the Minister administering the Public Governance, Performance and Accountability Act 2013.

212B Application of money by the Pricing Authority

(1) The money of the Pricing Authority is to be applied only:

(a) in payment or discharge of the costs, expenses and other obligations incurred by the Pricing Authority in the performance of its functions and the exercise of its powers; and

(b) in payment of any remuneration or allowances payable under this Act.

(2) Subsection (1) does not prevent investment, under section 59 of the Public Governance, Performance and Accountability Act 2013, of money that is not immediately required for the purposes of the Pricing Authority.

212C Taxation

The Pricing Authority is not subject to taxation under a law of the Commonwealth or of a State or Territory.

Note: However, the Pricing Authority may be subject to taxation under certain laws (see, for example, section 177-5 of the A New Tax System (Goods and Services Tax) Act 1999 and section 66 of the Fringe Benefits Tax Assessment Act 1986).