sec.85Payment of amounts into offset account

sec.85 Payment of amounts into offset account

On receipt by the department of an amount as a financial settlement offset, the amount must be paid into the offset account. The following amounts may also be paid into the offset account— any amount appropriated by Parliament for the purposes of the offset account; any amount payable into the offset account under another Act; any amount paid into the offset account at the direction of, or with the approval of, the Minister. An amount of a financial settlement offset received by the department, and any other amount paid into the offset account as mentioned in subsection (2) (b) or (c) , is a contribution for the purposes of the Financial Accountability Act 2009 , section 7 (2) (c) . (sec.85-ssec.1) On receipt by the department of an amount as a financial settlement offset, the amount must be paid into the offset account. (sec.85-ssec.2) The following amounts may also be paid into the offset account— any amount appropriated by Parliament for the purposes of the offset account; any amount payable into the offset account under another Act; any amount paid into the offset account at the direction of, or with the approval of, the Minister. (sec.85-ssec.3) An amount of a financial settlement offset received by the department, and any other amount paid into the offset account as mentioned in subsection (2) (b) or (c) , is a contribution for the purposes of the Financial Accountability Act 2009 , section 7 (2) (c) .

• (a) any amount appropriated by Parliament for the purposes of the offset account;
• (b) any amount payable into the offset account under another Act;
• (c) any amount paid into the offset account at the direction of, or with the approval of, the Minister.