47BCredits to the Account

47B Credits to the Account

(1) There must be credited to the Account amounts equal to each amount paid to the Commonwealth by Housing Australia that: (a) is a repayment of: (i) money debited from the Account; or (ii) other money lent by the Commonwealth to Housing Australia (whether as described in subsection 50(1) or otherwise); and (b) is paid in accordance with the Investment Mandate.

Note: An Act appropriating money for expenditure out of the Consolidated Revenue Fund may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in such an Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.

(2) To avoid doubt, subsection (1) does not apply to an amount paid to the Commonwealth by Housing Australia under section 28 of the Help to Buy Act 2024.