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Schedule 1—General amendments

Schedule 1 General amendments

   

Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018

1  At the end of paragraph 16(a)

Add:

                       or (vi)  paragraph 16(e) of the Future Drought Fund Act 2019 ;

2  At the end of paragraph 16(b)

Add:

                       or (vi)  paragraph 16(f) of the Future Drought Fund Act 2019 ;

3  At the end of paragraph 16(c)

Add:

                       or (vi)  a paragraph of section 16 of the Future Drought Fund Act 2019 ;

COAG Reform Fund Act 2008

4  Subsection 5(2) (after note 2AA)

Insert:

Note 2AB: An amount originating in the Future Drought Fund may be transferred to the COAG Reform Fund—see the Future Drought Fund Act 2019 .

5  After paragraph 7(1)(baa)

Insert:

                 (bab)  the grant is not covered by section 36AB of the Future Drought Fund Act 2019 ; and

6  Subsection 7(3) (after note 1AA)

Insert:

Note 1AB: The provision referred to in paragraph (1)(bab) deals with the channelling, through the COAG Reform Fund, of State/Territory grants payments from the Future Drought Fund established by the Future Drought Fund Act 2019 . For terms and conditions of those grants, see the Future Drought Fund Act 2019 .

DisabilityCare Australia Fund Act 2013

7  After subparagraph 16(a)(ii)

Insert:

                           (iia)  paragraph 16(e) of the Future Drought Fund Act 2019 ; or

8  After subparagraph 16(b)(ii)

Insert:

                           (iia)  paragraph 16(f) of the Future Drought Fund Act 2019 ; or

9  After subparagraph 16(c)(ii)

Insert:

                           (iia)  a paragraph of section 16 of the Future Drought Fund Act 2019 ; or

Future Fund Act 2006

10  Section 4 (note)

After “functions under”, insert “the Future Drought Fund Act 2019 ,”.

11  Section 5

Insert:

Drought Minister has the same meaning as in the Future Drought Fund Act 2019 .

Future Drought Fund means the Future Drought Fund established by section 10 of the Future Drought Fund Act 2019 .

Future Drought Fund Special Account means the Future Drought Fund Special Account established by section 13 of the Future Drought Fund Act 2019 .

12  Section 13 (note 2A)

After “Fund to”, insert “the Future Drought Fund,”.

13  After paragraph 28(5)(a)

Insert:

                    (aa)  the Future Drought Fund Act 2019 ;

14  After paragraph 28(5)(c)

Insert:

                    (ca)  subsection 52(1) of the Future Drought Fund Act 2019 ;

15  Section 33 (note)

After “functions under”, insert “the Future Drought Fund Act 2019 ,”.

16  After subparagraph 35(b)(i)

Insert:

                            (ia)  the Future Drought Fund Act 2019 ; or

17  Before paragraph 55(3)(a)

Insert:

                    (aa)  the Future Drought Fund Act 2019 ; and

18  After paragraph 63(1)(a)

Insert:

                    (aa)  the Future Drought Fund Act 2019 ; or

19  After paragraph 63(2)(a)

Insert:

                  (aaa)  the Future Drought Fund Act 2019 ; or

20  After subsection 81(1)

Insert:

Future Drought Fund

       (1AA)  A report under subsection (1) for a period must include a report of the following during the period:

                     (a)  the performance of the investments of the Future Drought Fund;

                     (b)  the total amount debited from the Future Drought Fund Special Account for the purpose mentioned in paragraph 16(d) of the Future Drought Fund Act 2019 ;

                     (c)  the total amount debited from the Future Drought Fund Special Account for the purpose mentioned in paragraph 17(d) of the Future Drought Fund Act 2019 ;

                     (d)  the total amount debited from the Future Drought Fund Special Account for the purpose mentioned in paragraph 17(e) of the Future Drought Fund Act 2019 ;

                     (e)  the total amount debited from the Future Drought Fund Special Account for the purpose mentioned in paragraph 17(f) of the Future Drought Fund Act 2019 .

21  After subsection 81(2)

Insert:

       (2AA)  A report under this section must include a benchmark in relation to the amounts referred to in paragraphs (1AA)(b) to (e).

22  Before paragraph 81(4)(b)

Insert:

                    (aa)  the Drought Minister;

23  After paragraph 83B(1)(a)

Insert:

                    (aa)  subsection 52(1) of the Future Drought Fund Act 2019 ; or

24  After subparagraph 84(1)(b)(i)

Insert:

                            (ia)  a provision of the Future Drought Fund Act 2019 ;

25  After subparagraph 84(1)(b)(iii)

Insert:

                          (iiia)  the Future Drought Fund Special Account; or

26  After subsection 84(1)

Insert:

Transfer of amounts to the Future Drought Fund Special Account

          (1A)  If an amount is credited to the Fund Account under subsection (1), the nominated Minister may, by writing, direct that a specified amount is to be:

                     (a)  debited from the Fund Account; and

                     (b)  credited to the Future Drought Fund Special Account;

on a specified day.

27  Paragraph 84(5)(b)

After “subsections”, insert “(1A),”.

28  Subsection 84(6)

After “subsection”, insert “(1A),”.

29  After subparagraph 2(2)(a)(i) of Schedule 2

Insert:

                            (ia)  paragraph 16(e) of the Future Drought Fund Act 2019 ; or

30  After subparagraph 2(2)(b)(i) of Schedule 2

Insert:

                            (ia)  paragraph 16(f) of the Future Drought Fund Act 2019 ; or

31  After subparagraph 2(2)(c)(i) of Schedule 2

Insert:

                            (ia)  a paragraph of section 16 of the Future Drought Fund Act 2019 ; or

32  Clause 1 of Schedule 2A

After “Fund to”, insert “the Future Drought Fund,”.

33  After clause 1 of Schedule 2A

Insert:

1A   Transfers from the Future Fund to the Future Drought Fund

             (1)  If an amount is debited from the Future Drought Fund Special Account for a purpose mentioned in section 17 of the Future Drought Fund Act 2019 , the nominated Minister may, by writing, direct that a specified amount is to be:

                     (a)  debited from the Fund Account; and

                     (b)  credited to the Future Drought Fund Special Account;

on a specified day.

             (2)  The specified amount must not exceed the amount debited from the Future Drought Fund Special Account as mentioned in subclause (1).

             (3)  A direction under subclause (1) is not a legislative instrument.

Medical Research Future Fund Act 2015

34  At the end of paragraph 19(a)

Add:

                        or (v)  paragraph 16(e) of the Future Drought Fund Act 2019 ;

35  At the end of paragraph 19(b)

Add:

                        or (v)  paragraph 16(f) of the Future Drought Fund Act 2019 ;

36  At the end of paragraph 19(c)

Add:

                        or (v)  a paragraph of section 16 of the Future Drought Fund Act 2019 ;

Nation-building Funds Act 2008

37  After subparagraph 138(a)(v)

Insert:

                           (va)  paragraph 16(e) of the Future Drought Fund Act 2019 ; or

38  After subparagraph 138(b)(v)

Insert:

                           (va)  paragraph 16(f) of the Future Drought Fund Act 2019 ; or

39  After subparagraph 138(c)(v)

Insert:

                           (va)  a paragraph of section 16 of the Future Drought Fund Act 2019 ; or

Regional Investment Corporation Act 2018

40  Section 4

Insert:

drought resilience has the same meaning as in the Future Drought Fund Act 2019 .

41  Paragraph 15(1)(e)

Omit “or the rules”, substitute “, the rules or the Future Drought Fund Act 2019 ”.

42  Subparagraph 17(2)(a)(viii)

Omit “or”.

43  At the end of paragraph 17(2)(a)

Add:

                            (ix)  drought resilience; or

44  Subsection 26(2) (note)

Omit “Note”, substitute “Note 1”.

45  At the end of subsection 26(2)

Add:

Note 2:       The appointment of a Board member may also be terminated under section 30 of the Future Drought Fund Act 2019 (which deals with terminating the appointment of a Board member for failing to comply with disclosure of interest obligations).