Barrister AI
All legislation
COMMONWEALTHAct
In force
This is the latest official compilation.Check the official source →
s 15

Purposes of the DisabilityCare Australia Fund Special Account—purposes related exclusively to the investments etc. of the DisabilityCare Australia Fund

In force
Part 2DisabilityCare Australia Fund
Division 4Debits of amounts from the DisabilityCare Australia Fund, etc.

15 Purposes of the DisabilityCare Australia Fund Special Account—purposes related exclusively to the investments etc. of the DisabilityCare Australia Fund

Each of the following is a purpose of the DisabilityCare Australia Fund Special Account:

(a)

paying the costs of, or incidental to, the acquisition of financial assets under section 27;

(b)

paying expenses of an investment of the DisabilityCare Australia Fund;

(c)

paying the costs of, or incidental to, the acquisition of derivatives under section 36;

(d)

paying or discharging the costs, expenses and other obligations incurred by the Future Fund Board under a contract between the Future Fund Board and an investment manager engaged under subsection 39(1);

(e)

paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, where the bank account relates exclusively to the DisabilityCare Australia Fund;

(f)

paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the DisabilityCare Australia Fund;

(g)

paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the DisabilityCare Australia Fund.

Note:

See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).

Research tools for this sectionPro

The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.