Wheat Export Marketing Amendment Act 2012 (170 of 2012)

Schedule 2   Amendments relating to Wheat Exports Australia

Part 1   Amendments

Wheat Export Marketing Act 2008

15   Division 6 of Part 5

Repeal the Division, substitute:

Division 6 - Wheat Industry Special Account

58 Wheat Industry Special Account

(1) The Wheat Exports Australia Special Account that was, immediately before the commencement of this subsection, in existence under this Act, is continued in existence as the Wheat Industry Special Account.

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

59 Credits to the Wheat Industry Special Account

There must be credited to the Wheat Industry Special Account amounts equal to amounts received for the purpose of the Wheat Industry Special Account.

Note: An Appropriation Act may contain a provision to the effect that, if any of the purposes of a Special Account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the Special Account), then amounts may be debited against the appropriation for that item and credited to that Special Account.

60 Purpose of the Wheat Industry Special Account

The purpose of the Wheat Industry Special Account is funding a measure or program, if the following conditions are satisfied:

(a) the purpose of the measure or program is to assist the wheat export industry, or a sector of that industry;

(b) the Minister has approved the funding.

Note: See section 21 of the Financial Management and Accountability Act 1997 (debits from Special Accounts).