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Fuel Indexation (Road Funding) Special Account Bill 2014

2013-2014

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Fuel Indexation (Road Funding) Special Account Bill 2014

 

No.      , 2014

 

(Treasury)

 

 

 

A Bill for an Act to establish the Fuel Indexation (Road Funding) Special Account, and for related purposes

   

   

   



Contents

Part 1—Preliminary                                                                                                              1

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Simplified outline of this Act.............................................................. 2

4............ Definitions.......................................................................................... 3

5............ Crown to be bound............................................................................. 3

6............ Extension to external Territories.......................................................... 4

Part 2—Fuel Indexation (Road Funding) Special Account                          5

Division 1—Establishment of the Fuel Indexation (Road Funding) Special Account      5

7............ Establishment of the Fuel Indexation (Road Funding) Special Account.. 5

Division 2—Credits of amounts to the Fuel Indexation (Road Funding) Special Account           6

8............ Credits to Special Account—determinations by the Treasurer............ 6

Division 3—Debits of amounts from the Fuel Indexation (Road Funding) Special Account       7

9............ Purpose of the Fuel Indexation (Road Funding) Special Account...... 7

10.......... Grants to the States and Territories—channelling of State/Territory grants payments through the COAG Reform Fund............................................................................................................ 7

11.......... Grants to States and Territories—debit from the COAG Reform Fund 8

12.......... Grants to States and Territories........................................................... 8

Part 3—Miscellaneous                                                                                                        10

13.......... Delegation by the Infrastructure Minister.......................................... 10

14.......... Delegation by the Treasurer.............................................................. 10

15.......... Regulations....................................................................................... 10

 



A Bill for an Act to establish the Fuel Indexation (Road Funding) Special Account, and for related purposes

The Parliament of Australia enacts: