The Consolidated Fund

In force

(1)

There shall be established and kept an account to be known as the Consolidated Fund.

(2)

There shall be credited to the Consolidated Fund—

(a)

all money forming part of the Consolidated Revenue under the Constitution Act 1975;

(b)

all money—

(i)

raised by or on behalf of or received by the State; or

(ii)

which by or under an Act is payable to a person holding an office or place in the public service—

and which is not, by or under an Act, required or authorised to be paid to the Trust Fund, or an account in the Trust Fund, or to any other fund.

(3)

If the purpose for which money must be applied is defined by the Commonwealth, the Minister may accept the money and credit it to a suitable account in the Trust Fund and, without any other authority than this Act, authorise the disbursement of the money for that purpose.

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9 The Consolidated Fund