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Emergency Response Fund Bill 2019

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8780

2019

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Emergency Response Fund Bill 2019

 

 

(1)     Clause 3, page 2 (line 20) to page 3 (line 2), omit the paragraph beginning “The balance of the Education Investment Fund Special Account ”, substitute:

•      The Finance Minister may transfer amounts from the Education Investment Fund Special Account to the Emergency Response Fund Special Account .

[ Education Investment Fund Special Account ]

(2)     Clause 4, page 5 (lines 3 to 5), omit the definition of Education Investment Fund .

[ Education Investment Fund Special Account ]

(3)     Clause 4, page 5 (lines 8 and 9), omit “before that section was repealed”.

[ Education Investment Fund Special Account ]

(4)     Clause 4, page 7 (lines 1 to 3), omit the definition of investment of the Education Investment Fund .

[ Education Investment Fund Special Account ]

(5)     Clause 8, page 9 (lines 7 to 11), omit the paragraph beginning “The balance of the Education Investment Fund Special Account ”, substitute:

•      The Finance Minister may transfer amounts from the Education Investment Fund Special Account to the Emergency Response Fund Special Account .

[ Education Investment Fund Special Account ]

(6)     Clauses 10 and 11, page 10 (lines 9 to 28), omit the clauses, substitute:

10   Transfers from the Education Investment Fund Special Account

             (1)  The Finance Minister may, by legislative instrument, direct that, on a specified day, a specified amount is to be:

                     (a)  debited from the Education Investment Fund Special Account ; and

                     (b)  credited to the Emergency Response Fund Special Account .

             (2)  The specified amount must not exceed the amount debited from the Education Investment Fund Special Account .

             (3)  The specified amount must not exceed an amount that is equal to three-quarters of the balance of the Education Investment Fund Special Account immediately before the commencement of this section.

[ Education Investment Fund Special Account ]

(7)     Clause 16, page 14 (after line 31), at the end of paragraph 16(a), add:

                           (vii)  paragraph 136(1)(j) or 137(e) of the Nation-building Funds Act 2008 ;

[ Education Investment Fund Special Account ]

(8)     Clause 16, page 15 (after line 10), at the end of paragraph 16(b), add:

                           (vii)  paragraph 136(1)(k) or 137(f) of the Nation-building Funds Act 2008 ;

[ Education Investment Fund Special Account ]

(9)     Clause 16, page 15 (after line 24), at the end of paragraph 16(c), add:

                           (vii)  a paragraph of subsection 136(1) or section 137 of the Nation-building Funds Act 2008 ;

[ Education Investment Fund Special Account ]

(10)   Clause 16, page 15 (line 35) to page 16 (line 3), omit subparagraphs (f)(ii) and (iii), substitute:

                             (ii)  in connection with the operation of the Agency.

[ Education Investment Fund Special Account ]

(11)   Clause 62, page 10 (lines 4 to 8), to be opposed .

[ Education Investment Fund Special Account ]