DisabilityCare Australia Fund Act 2013
9Simplified outline
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9 Simplified outline
The following is a simplified outline of this Part:
• This Part sets up the DisabilityCare Australia Fund.
• The DisabilityCare Australia Fund consists of:
(a) the DisabilityCare Australia Fund Special Account; and
(b) the investments of the DisabilityCare Australia Fund.
• The Treasurer may determine that amounts are to be credited to the DisabilityCare Australia Fund Special Account.
• Amounts may be debited from the DisabilityCare Australia Fund Special Account in accordance with the purposes of the DisabilityCare Australia Fund Special Account.
• The main purposes of the DisabilityCare Australia Fund Special Account are:
(a) to transfer amounts to the Federation Reform Fund in order to reimburse the States and Territories for expenditure incurred in relation to the National Disability Insurance Scheme Act 2013; and
(b) to debit amounts in order to reimburse the Commonwealth for expenditure incurred in relation to the National Disability Insurance Scheme Act 2013.
• The Finance Minister is responsible for authorising debits (the amounts of which will be credited to the Federation Reform Fund) on the recommendation of the National Disability Insurance Minister.