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COMMONWEALTHAct
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s 9

Simplified outline

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Part 2DisabilityCare Australia Fund
Division 1Introduction

9 Simplified outline

The following is a simplified outline of this Part:

• This Part sets up the DisabilityCare Australia Fund.

• The DisabilityCare Australia Fund consists of:

(a)

the DisabilityCare Australia Fund Special Account; and

(b)

the investments of the DisabilityCare Australia Fund.

• The Treasurer may determine that amounts are to be credited to the DisabilityCare Australia Fund Special Account.

• Amounts may be debited from the DisabilityCare Australia Fund Special Account in accordance with the purposes of the DisabilityCare Australia Fund Special Account.

• The main purposes of the DisabilityCare Australia Fund Special Account are:

(a)

to transfer amounts to the Federation Reform Fund in order to reimburse the States and Territories for expenditure incurred in relation to the National Disability Insurance Scheme Act 2013; and

(b)

to debit amounts in order to reimburse the Commonwealth for expenditure incurred in relation to the National Disability Insurance Scheme Act 2013.

• The Finance Minister is responsible for authorising debits (the amounts of which will be credited to the Federation Reform Fund) on the recommendation of the National Disability Insurance Minister.

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