Commonwealth legislation

Health and Hospitals Fund (Initial Credits) Determination 2009 (No. 2)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

This determination credits $4 billion to the newly created Health and Hospitals Fund on 12 June 2009, providing the Fund’s initial capital for health infrastructure.

It affects the Commonwealth (by creating a dedicated pool for health capital), enables states and territories to seek grants for hospital and facility projects, and ultimately benefits communities through improved health infrastructure.

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Current sections

Direct links to the current provisions in Health and Hospitals Fund (Initial Credits) Determination 2009 (No. 2).

Health and Hospitals Fund (Initial Credits) Determination 2009 (No. 2)

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Health and Hospitals Fund (Initial Credits) Determination 2009 (No. 2)[1]

Nation-building Funds Act 2008

We, WAYNE SWAN, Treasurer, and LINDSAY TANNER, Minister for Finance and Deregulation, make this Determination under subsection 216(1) of the Nation-building Funds Act 2008.

Dated 9 June 2009

Wayne Swan Lindsay Tanner

Treasurer Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Health and Hospitals Fund (Initial Credits) Determination 2009 (No. 2).

2 Commencement

This Determination commences on the day on which it is registered.

Note Section 42 of the Legislative Instruments Act 2003 (which deals with the disallowance of legislative instruments) does not apply to this instrument: see subsection 216(5) of the Nation-building Funds Act 2008.

3 Initial Credit

For paragraph 216(1)(a) of the Nation-building Funds Act 2008, the amount of $4 billion is to be credited to the Health and Hospitals Fund Special Account on 12 June 2009.

Note The Health and Hospitals Fund Special Account is established by section 215 of the Nation-building Funds Act 2008.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Health and Hospitals Fund (Initial Credits) Determination 2009 (No. 2)