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

Telstra Corporation Act 1991

484   Section 63

Repeal the section, substitute:

63 Television Fund Account

(1) There is continued in existence the Television Fund Account.

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

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

(3) Amounts equal to income derived from the investment of an amount standing to the credit of the Television Fund Account are to be credited to the Television Fund Account.

(4) The Television Fund Account is to be administered by the Department.