Federal Financial Relations (Consequential Amendments and Transitional Provisions) Act 2009 (12 of 2009)

Schedule 2   Other amendments

Offshore Petroleum and Greenhouse Gas Storage Act 2006

Note: The Offshore Petroleum Act 2006 was renamed as the Offshore Petroleum and Greenhouse Gas Storage Act 2006, and renumbered, by the Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008.

11   At the end of Section 75

Add:

Payment through COAG Reform Fund

(3) An amount that is payable by the Commonwealth under this section must be credited to the COAG Reform Fund for the purposes of paying the amount to Western Australia.

(4) The Treasurer must ensure that, as soon as practicable after an amount is credited to the COAG Reform Fund under subsection (3), the COAG Reform Fund is debited for the purposes of paying the amount to Western Australia.

(5) For the purposes of:

(a) the COAG Reform Fund Act 2008; and

(b) the Financial Management and Accountability Act 1997;

the payment of an amount that the Commonwealth is liable to pay under this section is taken to be a payment by way of a grant of financial assistance.