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Emergency Response Fund (Consequential Amendments) Bill 2019

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8781

2019

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Emergency Response Fund (Consequential Amendments) Bill 2019

 

 

(1)     Schedule 2, page 10 (line 1) to page 15 (line 31), omit the Schedule, substitute:

Schedule 2 Other amendments

   

Nation-building Funds Act 2008

1  At the end of Division 4 of Part 3.2

Add:

145A   Education Investment Fund Special Account limited to purpose of vocational education and training infrastructure

             (1)  On and after this section’s commencement, the purpose of the Education Investment Fund Special Account is limited to only making payments in relation to the creation or development of vocational education and training infrastructure.

             (2)  Subsection (1) does not affect payments that were authorised under section 176 before this section’s commencement.

2  At the end of section 176

Add:

             (9)  The Finance Minister must not make an authorisation under subsections (1), (2), (4) or (5) on or after this section’s commencement.

3  At the end of Division 4 of Part 3.4

Add:

187A   EIF Education Portfolio Special Account limited to purpose of vocational education and training infrastructure

             (1)  On and after this section’s commencement, the purpose of the EIF Education Portfolio Special Account is limited to only making payments in relation to the creation or development of vocational education and training infrastructure.

             (2)  Subsection (1) does not affect payments that were specified in a direction made under section 183 before this section’s commencement.

[preserving the Education Investment Fund]