Telecommunications (Transitional Provisions and Consequential Amendments) Act 1997 (59 of 1997)

Schedule 4   Amendments consequential on the enactment of the Financial Management and Accountability Act 1997

Telecommunications Act 1997

2   Section 212

Repeal the section, substitute:

212 Payments into Universal Service Reserve

There must be transferred to the Universal Service Reserve from the Consolidated Revenue Fund:

(a) amounts equal to amounts of levy paid under this Part; and

(b) money appropriated by law for the Universal Service Reserve's purposes; and

(c) amounts equal to interest from the investment of money in the Universal Service Reserve; and

(d) amounts equal to amounts that were overpaid under section 214 and have been recovered; and

(e) amounts equal to amounts paid under section 218.