12Trust accounts for strategic benefit payments

#### 12 Trust accounts for strategic benefit payments 12 Trust accounts for strategic benefit payments > > (1) This clause applies to the holder of a transmission operator’s licence subject to a condition imposed under clause 6(2)(i). > > > (2) The holder must keep a trust account in connection with strategic benefit payments required to be paid by the holder under the condition. > > > (3) The holder must pay into the trust account amounts for strategic benefit payments required to be paid into the account by the condition. > > > (4) Money in the trust account is held in trust for the persons entitled to receive strategic benefit payments. > > > (5) Money not paid as a strategic benefit payment within 6 years after the money is paid into the trust account must be paid to the Treasurer for payment into the Consolidated Fund. > > > (6) Payment of a strategic benefit payment required to be made from money paid to the Treasurer under subclause (5) must be made from the Consolidated Fund, which is appropriated accordingly.