Transfers from the Future Drought Fund to the Future Fund

In force

(1)

If an amount is debited from the Future Fund Special Account for a purpose mentioned in subclause 2(2) of Schedule 2 to the Future Fund Act 2006, the Finance Minister may, by writing, direct that, on a specified day, a specified amount is to be:

(a)

debited from the Future Drought Fund Special Account; and

(b)

credited to the Future Fund Special Account.

(2)

The specified amount must not exceed the amount debited from the Future Fund Special Account as mentioned in subsection (1).

(3)

A direction under subsection (1) is not a legislative instrument.

This Act’s bill:Explanatory memorandum Second reading speech

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19 Transfers from the Future Drought Fund to the Future Fund