34Debits from the Housing Australia Special Account

34 Debits from the Housing Australia Special Account

Requested transfers (1) If an amount has been credited under paragraph 33(4)(d) to the Housing Australia Special Account for a purpose in relation to a payment to Housing Australia, the Housing Minister must: (a) ensure that the Housing Australia Special Account is debited for the purposes of making the payment; and (b) do so as soon as practicable after the amount has been credited. Guaranteed transfers (2) If an amount (the credited amount) has been credited under paragraph 33A(2)(b) to the Housing Australia Special Account, the Housing Minister must: (a) ensure that the Housing Australia Special Account is debited for the purposes of making a payment of an amount equal to the credited amount to Housing Australia for the purpose specified in paragraph 47C(1)(b) of the Housing Australia Act 2018; and (b) do so as soon as practicable after the credited amount has been credited.

Note: Under subsection 47C(2A) of the Housing Australia Act 2018, such a payment enables Housing Australia to make grants and loans in relation to acute housing needs, social housing or affordable housing.