9
CurrentEstablishment of State Pool Accounts with Reserve Bank
Schedule 6ANational Health Funding Pool and Administration
Part 3State Pool Accounts—the National Health Funding Pool
9 Establishment of State Pool Accounts with Reserve Bank
(1)
The Health Secretary is to open and maintain with the Reserve Bank of Australia a separate State bank account for the purpose of the National Health Reform Agreement.
(2)
The bank account is the State Pool Account established for the State for the purposes of this Schedule.
(3)
The State Pool Account is established as an account in the Special Deposits Account.
(4)
To avoid doubt, the State Pool Account and the money standing to the credit of the Account are under the control of the Health Secretary for the purposes of the application of relevant accounting standards.
This Act’s bill:Explanatory memorandumSecond reading speech
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