Financial Framework Legislation Amendment Act 2005 (8 of 2005)

Schedule 1   Amendments relating to the Financial Management Legislation Amendment Act 1999 and Special Accounts

Part 2   Special Accounts and references to paid to the Consolidated Revenue Fund

Interstate Road Transport Act 1985

164   Sections 21 and 22

Repeal the sections, substitute:

21 Interstate Road Transport Account

(1) There is continued in existence the Interstate Road Transport Account.

Note: The Account was established by subsection 5(3) of the Financial Management Legislation Amendment Act 1999.

(2) The Account is a Special Account for the purposes of the Financial Management and Accountability Act 1997.

(3) If interest is received by the Commonwealth from the investment of an amount standing to the credit of the Account, an amount equal to the amount of the interest must be credited to the Account.

22 Amounts to be credited to Account

(1) There must be credited to the Account amounts equal to the amounts received by the Commonwealth as charge and advances on account of charge.

(2) There must be credited to the Account amounts equal to amounts received by the Commonwealth by way of the repayment of amounts paid in accordance with a determination under subsection 23(1).