Title National Water Commission Bill 2004
Database Bills & Legislation
Long Title a Bill for an Act to establish the National Water Commission, and for related purposes
Date 02-12-2004 12:02 AM
Source House of Reps
Parl No. 41
Bill Number 2004/208
Bill Type Government
Portfolio Prime Minister's portfolio
Reps Bill Code M
Status Act
System Id legislation/bills/r2212_third/0007

National Water Commission Bill 2004

Part 6—The Australian Water Fund Account


40  Establishment of the Australian Water Fund Account

             (1)  The Australian Water Fund Account is established by this section.

Note:          The Australian Water Fund Account represents only part of the Australian Water Fund.

             (2)  The Account is a Special Account for the purposes of the Financial Management and Accountability Act 1997.

41  Credits of amounts to Account

                   There must be credited to the Account amounts equal to amounts that are given or bequeathed for the purposes of the Account.

Note:          An Appropriation Act provides for amounts to be credited to a Special Account if any of the purposes of the Account is a purpose that is covered by an item in the Appropriation Act.

42  Purposes of Account

                   The purposes of the Special Account, in relation to which amounts may be debited from the Account, are:

                     (a)  to provide financial assistance that is:

                              (i)  awarded by the Minister to particular projects relating to Australia’s water resources; and

                             (ii)  determined by the Minister to be provided from the Account; or

                     (b)  to pay or discharge the costs, expenses or other obligations incurred by the Commonwealth in the performance of the NWC’s functions under this Act or the regulations; or

                     (c)  to pay any remuneration or allowances payable to any person under this Act.