Validation of payments into NSW Shared Equity Scheme Fund
23 Validation of payments into NSW Shared Equity Scheme Fund
Payments, before the commencement, of amounts into the Fund by the Department of Customer Service that in total constituted the relevant amount are taken to have been, and always to have been, validly made.
To avoid doubt, the payment, before the commencement, of an amount out of the Fund that constituted part of the relevant amount is taken to have been, and always to have been, validly made.
In this clause—
commencement means the commencement of this clause.
Fund has the same meaning as in Part 2A of this Act.
relevant amount means the amount of $42,077,194 transferred from the Treasury to the Department of Customer Service under the Treasurer’s determination.
Treasurer’s determination means the determination of the Treasurer under the Government Sector Finance Act 2018, section 4.9, dated 31 January 2023, authorising the transfer of amounts from the Treasury to the Department of Customer Service.
This Act’s bill:Explanatory memorandum
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