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COMMONWEALTHAct
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s 32

Transfers from the Medical Research Future Fund to the Future Fund

In force
Part 2Medical Research Future Fund
Division 5Inter‑fund transfers

32 Transfers from the Medical Research Future Fund to the Future Fund

(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 Medical Research Future 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.

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