Energy Security Corporation Act 2024
47Payments out of Operational Fund
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47 Payments out of Operational Fund
47 Payments out of Operational Fund
(1) The following amounts may be paid out of the Operational Fund—
(a) amounts required to meet the expenditure incurred by the Corporation in the exercise of the Corporation’s functions, including investments, administration expenses and remuneration and allowances of Board members and the Corporation’s staff,
(b) an amount authorised by the Minister, with the concurrence of the Treasurer, to be paid out of the Operational Fund and into the ESC Fund,
(c) amounts authorised by the regulations to be paid out of the Operational Fund,
(d) other amounts authorised by this Act or another Act or law to be paid out of the Operational Fund.
(2) An amount transferred under subsection (1)(b) must not result in the balance of the Operational Fund being less than the total of the Corporation’s operating balance and contracted investment commitments.