Credits to the Account

In force

There must be credited to the Account amounts equal to the following:

(a)

amounts allocated by the Ministerial Council in accordance with the National Agreement for Skills and Workforce Development between the Commonwealth, States and Territories, as in force from time to time;

(b)

amounts received by the Commonwealth in connection with the performance of the Registrar’s functions;

(c)

interest received by the Commonwealth from the investment of amounts debited from the Account;

(d)

amounts of any gifts given or bequests made for the purposes of the Account.

Note 1:

An Appropriation Act may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.

Note 2:

Amounts standing to the credit of the Account may be invested under section 58 of the Public Governance, Performance and Accountability Act 2013.

This Act’s bill:Explanatory memorandum Second reading speech

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49 Credits to the Account