17Purposes of the Future Drought Fund Special Account—purposes not related exclusively to the Future Drought Fund

17 Purposes of the Future Drought Fund Special Account—purposes not related exclusively to the Future Drought Fund

Each of the following is a purpose of the Future Drought Fund Special Account: (a) paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, if those costs, expenses or obligations are not covered by: (i) paragraph 16(e); or (ii) paragraph 2(1)(g) of Schedule 2 to the Future Fund Act 2006; or (iia) paragraph 15(e) of the Disaster Ready Fund Act 2019; or (iib) paragraph 13(e) of the Housing Australia Future Fund Act 2023; or (iii) paragraph 18(e) of the Medical Research Future Fund Act 2015; or (v) paragraph 15(e) of the DisabilityCare Australia Fund Act 2013; or (vi) paragraph 15(e) of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018; (b) paying a premium in respect of a contract of insurance entered into by the Future Fund Board, if the premium is not covered by: (i) paragraph 16(f); or (ii) paragraph 2(1)(h) of Schedule 2 to the Future Fund Act 2006; or (iia) paragraph 15(f) of the Disaster Ready Fund Act 2019; or (iib) paragraph 13(f) of the Housing Australia Future Fund Act 2023; or (iii) paragraph 18(f) of the Medical Research Future Fund Act 2015; or (v) paragraph 15(f) of the DisabilityCare Australia Fund Act 2013; or (vi) paragraph 15(f) of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018; (c) paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board, if the costs, expenses, obligations or liabilities are not covered by: (i) a paragraph of section 16; or (ii) a paragraph of subclause 2(1) of Schedule 2 to the Future Fund Act 2006; or (iia) a paragraph of section 15 of the Disaster Ready Fund Act 2019; or (iib) a paragraph of section 13 of the Housing Australia Future Fund Act 2023; or (iii) a paragraph of section 18 of the Medical Research Future Fund Act 2015; or (v) a paragraph of section 15 of the DisabilityCare Australia Fund Act 2013; or (vi) a paragraph of section 15 of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018; (d) paying remuneration and allowances of Future Fund Board members; (e) paying remuneration, and other employment‑related costs and expenses, in respect of members of the staff of the Agency; (f) paying or discharging the costs, expenses and other obligations incurred by the Commonwealth or the Future Fund Board: (i) under a contract entered into under section 78 or 82 of the Future Fund Act 2006; or (ii) in connection with the operation of the Agency; or (iii) before section 12 of the Nation‑building Funds Act 2008 is repealed, in connection with the management of the Building Australia Fund.

Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).