Simplified outline of this Part

In force

• The Future Drought Fund consists of:

(a)

the Future Drought Fund Special Account; and

(b)

the investments of the Future Drought Fund.

• The balance of the Building Australia Fund Special Account is transferred to the Future Drought Fund Special Account. The investments of the Building Australia Fund become investments of the Future Drought Fund.

• The responsible Ministers may determine that additional amounts be credited to the Future Drought Fund Special Account.

• A purpose of the Future Drought Fund Special Account is to transfer amounts to the Agriculture Future Drought Resilience Special Account.

• The Future Drought Fund Special Account can be debited in relation to costs and other obligations incurred by the Future Fund Board in managing the Future Drought Fund.

This Act’s bill:Explanatory memorandum Second reading speech

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

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

9 Simplified outline of this Part