Treasury Laws Amendment (Housing Measures No. 1) Act 2023 (81 of 2023)

Schedule 4   Consequential matters arising from the Housing Australia Future Fund Act 2023

Future Fund Act 2006

39   After clause 5A of Schedule 2A

Insert:

5B Transfers from the Future Fund to the Housing Australia Future Fund

(1) If an amount is debited from the Housing Australia Future Fund Special Account for a purpose mentioned in section 14 of the Housing Australia Future Fund Act 2023, the nominated Minister may, by writing, direct that a specified amount is to be:

(a) debited from the Fund Account; and

(b) credited to the Housing Australia Future Fund Special Account;

on a specified day.

(2) The specified amount must not exceed the amount debited from the Housing Australia Future Fund Special Account as mentioned in subclause (1).

(3) A direction under subclause (1) is not a legislative instrument.