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

Schedule 10   Amendments of Acts starting with M or N

Nation-building Funds Act 2008

273   Sections 199 to 201

Repeal the sections, substitute:

199 Appropriation Acts may specify debit limits

(1) If an Appropriation Act relating to a financial year declares that a specified amount is the debit limit for the financial year for the purposes of this section, the total of the following amounts debited during the financial year must not exceed that limit:

(a) an amount debited from the Education Investment Fund Special Account for a purpose mentioned in paragraph 136(1)(a), (b), (c), (d) or (e);

(b) an amount debited from the EIF Education Portfolio Special Account (other than a debit under section 196);

(c) an amount debited from the EIF Research Portfolio Special Account;

(d) an amount debited from the COAG Reform Fund in accordance with subsection 197(2).

(2) If, for a financial year, there is no Appropriation Act relating to the financial year that specifies a debit limit for the financial year for the purposes of this section, an amount referred to in subsection (1) must not be debited from a Special Account or Fund.

(3) This section applies despite any provision of this Act or the Public Governance, Performance and Accountability Act 2013.