Housing Australia Future Fund Act 2023

This section applies if, at the start of 1 June in a financial year beginning after 30 June 2024, the total amount (the total debited amount) that has been, or will be, debited from the Housing Australia Future Fund Special Account under sections 26, 29 and 33 during the financial year is less than the designated annual amount for the financial year.

The Finance Minister must, in writing, direct that a specified amount (which must equal the designated annual amount for the financial year minus the total debited amount) is to be:

debited from the Housing Australia Future Fund Special Account; and

credited to the Housing Australia Special Account;

A direction under subsection (2) is not a legislative instrument.

If the Finance Minister personally gives a direction under subsection (2), the Finance Minister must give a copy of the direction to the Housing Minister and the Treasurer.

If a delegate of the Finance Minister gives a direction under subsection (2), the delegate must give a copy of the direction to the Treasury Department.