Establishment of the Federation Reform Fund
5 Establishment of the Federation Reform Fund
The Federation Reform Fund is established by this section.
The Federation Reform Fund is a special account for the purposes of the Public Governance, Performance and Accountability Act 2013.
An Appropriation Act may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.
Note 2A: An amount originating in the DisabilityCare Australia Fund may be transferred to the Federation Reform Fund—see the DisabilityCare Australia Fund Act 2013.
Note 2AA: An amount originating in the Medical Research Future Fund may be transferred to the Federation Reform Fund—see the Medical Research Future Fund Act 2015.
Note 2AB: An amount originating in the Future Drought Fund may be transferred to the Federation Reform Fund—see the Future Drought Fund Act 2019.
Note 2AC: An amount originating in the Disaster Ready Fund may be transferred to the Federation Reform Fund—see the Disaster Ready Fund Act 2019.
Note 2AD: An amount originating in the Housing Australia Future Fund may be transferred to the Federation Reform Fund—see the Housing Australia Future Fund Act 2023.
An amount may be credited to the Federation Reform Fund under section 9 or 16 of the Federal Financial Relations Act 2009.
An amount may be credited to the Federation Reform Fund under section 75 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
Note 5A: An amount originating in the Confiscated Assets Account may be transferred to the Federation Reform Fund—see the Proceeds of Crime Act 2002.
An amount may be credited to the Federation Reform Fund under section 8 of the Social and Community Services Pay Equity Special Account Act 2012.
An amount may be credited to the Federation Reform Fund under section 10 of the Fuel Indexation (Road Funding) Special Account Act 2015.
This Act’s bill:Explanatory memorandumSecond reading speech
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