CTHRepealedAct
Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
12Payments into Insurance Account
Start here
Get a plain-English read of 12
Turn the raw legal text into a practical explanation grounded in Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996.
12 Payments into Insurance Account
(1) There are payable into the Insurance Account from time to time any amounts that the Minister considers necessary to enable the making of payments that the Commonwealth is liable to make under pre‑transfer contracts during the management period. (2) Amounts payable into the Insurance Account under subsection (1) are payable out of the Consolidated Revenue Fund, which is appropriated accordingly.