41Requests for payments from ESC Fund into Operational Fund

41 Requests for payments from ESC Fund into Operational Fund

41 Requests for payments from ESC Fund into Operational Fund

(1) The Corporation may ask the Minister and Treasurer to pay a specified amount of money out of the ESC Fund into the Operational Fund for the following—

(a) to make investments during the period specified in the request,

(b) to meet the Corporation’s liabilities or expenses that are due, or will be or are expected to be due, during the period specified in the request,

(c) to ensure the total balance of the Operational Fund is at least the operating balance.

(2) The Corporation’s request must—

(a) be in writing, and

(b) specify—

(i) that the money is required for making investments, or

(ii) the liabilities or expenses for which the money is required, or

(iii) the amount by which the balance of the Operational Fund falls short of the operating balance.

(3) The Corporation may make a request under this section only if the payment of the money would be in accordance with an agreement under section 43.

(4) The Corporation must not request an amount that would be more than the uncommitted balance of the ESC Fund at the time the request is made.