24HPayments into and out of Fund

24H Payments into and out of Fund

24H Payments into and out of Fund

(1) The following must be paid into the Fund—

(a) all money appropriated by Parliament, or advanced by the Treasurer, for the purposes of payment into the Fund,

(a1) all money appropriated by Parliament to the Treasurer for the general purposes of the Government and directed by the Treasurer to be paid into the Fund,

(b) the proceeds of the investment of money in the Fund,

(c) fees and charges payable under this Part,

(d) all other money directed or authorised to be paid into the Fund by or under an Act or law,

(e) amounts received from the repayments of money provided under a shared equity scheme,

(f) all money received from the sale of assets acquired under a shared equity scheme,

(g) amounts recovered under this Act as debts related to a shared equity scheme.

(2) The following may be paid out of the Fund—

(a) amounts for the acquisition of interests in property under a shared equity scheme,

(b) money required to meet administrative expenses related to the Fund,

(c) amounts for the purpose of making investments,

(d) amounts the Treasurer directs to be paid into the Consolidated Fund.

(3) The investments must, despite the Government Sector Finance Act 2018, only be invested in a way approved by the Treasurer.

s 24H: Ins 2022 No 63, Sch 2[2]. Am 2023 No 18, Sch 13[1].