CTHRepealedLegislation
Federal Financial Relations (General Purpose Financial Assistance) Determination No. 21 (December 2010)
Drawing rights limitsDrawing rights limits
Start here
Get a plain-English read of Drawing rights limits
Turn the raw legal text into a practical explanation grounded in Federal Financial Relations (General Purpose Financial Assistance) Determination No. 21 (December 2010).
Drawing rights limits
13. Subsection 9(3) of the Act provides that the total amount credited to the COAG Reform Fund for the purpose of making a grant of general purpose financial assistance in the financial year starting on 1 July 2010 must not exceed $1,000,000,000.
14. The amounts specified in Table 2 show the total amounts determined in the 2010‑11 financial year in respect of general purpose financial assistance, including amounts specified in Table 1 above.
15. The total amount determined for payment of general purpose financial assistance to date in the 2010-11 financial year (including this determination) does not exceed the general drawing rights limit.