36Barangaroo Fund

36 Barangaroo Fund

36 Barangaroo Fund

(1) There is to be established in the Special Deposits Account a Barangaroo Fund (the Fund) into which is to be paid:

(a) all money advanced to Infrastructure NSW by the Treasurer for the purposes of this Act or appropriated by Parliament for the purposes of Infrastructure NSW in connection with exercising its functions under this Act, and

(b) all money directed or authorised to be paid into the Fund by or under this or any other Act, and

(c) development contributions or other payments made under Division 1, and

(d) the proceeds of the investment of money in the Fund, and

(e) all money received by Infrastructure NSW for the purposes of this Act from any other source.

(2) Money may be paid from the Fund for the following purposes:

(a) enabling Infrastructure NSW to exercise its functions under this Act,

(b) the provision of infrastructure in Barangaroo by a public authority or council,

(c) payments in respect of liabilities transferred to Infrastructure NSW under Part 4.

(3) All expenditure incurred by Infrastructure NSW under this Act is to be paid from the Fund.

s 36: Am 2019 No 8, Sch 4 [17]–[21].