Payment to NRWMF Community Fund entity
34AB Payment to NRWMF Community Fund entity
The Minister must, on behalf of the Commonwealth, make a payment to the NRWMF Community Fund entity for purposes associated with the economic and social sustainability of the host community for the facility, so as to support:
the establishment of the facility; and
the operation of the facility in safely and securely managing controlled material.
The payment must not be made to the NRWMF Community Fund entity unless the entity is party to an agreement with the Commonwealth under section 34AC.
The amount of the payment must be $20 million. The amount is to be paid as a single lump sum.
A payment under this section is to be made out of money appropriated by the Parliament by another Act.
The other Act will usually be an Annual Appropriation Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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