Future Drought Fund Act 2019
9Simplified outline of this Part
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9 Simplified outline of this Part
• The Future Drought Fund consists of:
(a) the Future Drought Fund Special Account; and
(b) the investments of the Future Drought Fund.
• The balance of the Building Australia Fund Special Account is transferred to the Future Drought Fund Special Account. The investments of the Building Australia Fund become investments of the Future Drought Fund.
• The responsible Ministers may determine that additional amounts be credited to the Future Drought Fund Special Account.
• A purpose of the Future Drought Fund Special Account is to transfer amounts to the Agriculture Future Drought Resilience Special Account.
• The Future Drought Fund Special Account can be debited in relation to costs and other obligations incurred by the Future Fund Board in managing the Future Drought Fund.