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COMMONWEALTHAct
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s 26

Debits from the MRFF Health Special Account

In force
Part 2Medical Research Future Fund
Division 4Debits of amounts from the Medical Research Future Fund
Subdivision DChannelling grants through the MRFF Health Special Account

26 Debits from the MRFF Health Special Account

(1)

As soon as practicable after an amount has been credited to the MRFF Health Special Account under paragraph 25(1)(b), the Health Minister must ensure that the MRFF Health Special Account is debited for the purposes of making one or more grants to bodies of a kind referred to in section 24.

Note 1:

The Health Minister must publish on the internet information about the grant to which the debit relates—see section 58.

Note 2:

The Health Minister may delegate the power under this section to the CEO, an SES employee or acting SES employee of the NHMRC (see section 61A).

(2)

However, if one or more of the grants cannot be made, an amount equal to the credited amounts of those grants is to be:

(a)

debited from the MRFF Health Special Account; and

(b)

credited to the Medical Research Future Fund Special Account.

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