55Payments out of Fund

55 Payments out of Fund

55 Payments out of Fund

The following are payable from the Fund, subject to any requirements prescribed by the regulations—

(a) money required to meet the liabilities of the scheme financial vehicle under this Act, including, but not limited to, liabilities for payments by the scheme financial vehicle under an access scheme, section 39, an LTES competitive tender, an LTES agreement or a risk management contract,

(a1) money authorised by the Minister to cover the administrative costs of the scheme financial vehicle,

(b) money as payment to the consumer trustee, financial trustee, infrastructure planner and regulator, as required in the instrument of appointment or otherwise authorised by the Minister, to enable the exercise of their functions under this Act,

(c) money directed or authorised to be paid from the Fund by or under this or another Act or law.

s 55: Am 2023 No 49, Sch 1[8]; 2025 No 80, Sch 1[40].