48Lifetime Care and Support Authority Fund

#### 48 Lifetime Care and Support Authority Fund 48 Lifetime Care and Support Authority Fund > > (1) There is established a fund, to be known as the Lifetime Care and Support Authority Fund, belonging to and vested in the Authority. > > > (2) The following is to be paid into the Fund— > > > > > (a) the appropriate proportion of the money contributed by third-party policy holders under Division 10.4 of the [Motor Accident Injuries Act 2017](/view/html/inforce/current/act-2017-010) in respect of a relevant period (being the proportion that is the required contribution to the Fund determined under section 49 in respect of that relevant period), > > > > > (b) the interest from time to time accruing from the investment of the Fund, > > > > > (c) money required to be paid into the Fund by or under this or any other Act, > > > > > (c1) (Repealed) > > > > > (d) all other money received by the Authority and not otherwise appropriated. > > > (3) The following is to be paid from the Fund— > > > > > (a) all payments required to be made by the Authority under Part 2A (Payments under Scheme), > > > > > (b) all payments required to meet expenditure incurred by or on behalf of a NSW Government agency in providing services (including staff and facilities) for or in connection with the Scheme, > > > > > (b1) all payments (as approved by the Minister administering Part 3 of the [State Insurance and Care Governance Act 2015](/view/html/inforce/current/act-2015-019)) required to meet expenditure incurred by the State Insurance Regulatory Authority in exercising functions in connection with the Scheme, > > > > > (c) (Repealed) > > > > > (d) all payments required to meet expenditure incurred in relation to the functions of the Authority, where money is not otherwise provided for that purpose, > > > > > (e) all other money required by or under this or any other Act to be paid from the Fund. > > > (3A) (Repealed) > > > (4) The Authority may invest money in the Fund that is not immediately required for the purposes of the Fund— > > > > > (a) if the Authority is a GSF agency for the purposes of Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055)—in any way that the Authority is permitted to invest money under that Part, or > > > > > (b) if the Authority is not a GSF agency for the purposes of Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055)—in any way approved by the Minister with the concurrence of the Treasurer. > > **s 48:** Am 2009 No 96, Sch 14 \[6\]; 2012 No 48, Sch 1 \[7\]; 2012 No 54, Sch 3.2 \[15\]–\[19\]; 2015 No 19, Sch 8 \[10\]–\[12\]; 2017 No 10, Sch 5.10 \[5\]; 2018 No 70, Sch 3.44.