10Transfer of balance of the Aboriginal and Torres Strait Islander Land Account

10 Transfer of balance of the Aboriginal and Torres Strait Islander Land Account

As soon as practicable after the commencement of this section, there is to be credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account an amount equal to the balance of the Aboriginal and Torres Strait Islander Land Account immediately before the commencement of this section.

Note 1: The Aboriginal and Torres Strait Islander Land Account was continued in existence by repealed section 192W of the Aboriginal and Torres Strait Islander Act 2005.

Note 2: The balance of the Aboriginal and Torres Strait Islander Land Account does not include the value of a financial asset that represents the investment of an amount standing to the credit of that account.