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Appropriation Bill (No. 2) 2014-2015

Part 4 General drawing rights limits

   

13   General drawing rights limits

Building Australia Fund

             (1)  The general drawing rights limit for the current year for the purposes of section 109 of the Nation-building Funds Act 2008 is $379,100,000.

Education Investment Fund

             (2)  The general drawing rights limit for the current year for the purposes of section 199 of the Nation-building Funds Act 2008 is $240,006,000.

Health and Hospitals Fund

             (3)  The general drawing rights limit for the current year for the purposes of section 267 of the Nation-building Funds Act 2008 is $757,568,373.

General purpose financial assistance

             (4)  The general drawing rights limit for the current year for the purposes of section 9 of the Federal Financial Relations Act 2009 is $5,000,000,000 .

National partnership payments

             (5)  The general drawing rights limit for the current year for the purposes of section 16 of the Federal Financial Relations Act 2009 is $25,000,000,000.

14   Adjustments for GST

                   If:

                     (a)  a payment in respect of an acquisition or importation is made in reliance on a general drawing rights limit specified in section 13; and

                     (b)  a GST qualifying amount arises for that acquisition or importation;

then the general drawing rights limit is increased by the amount of the GST qualifying amount.