CTHRepealedAct
Nation-building Funds Act 2008
185Payments—debit from the EIF Education Portfolio Special Account
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#### 185 Payments—debit from the EIF Education Portfolio Special Account
Scope
(1) This section applies if:
(a) the Finance Minister gives a direction under subsection 183(1) for a purpose in relation to a payment; and
(b) the amount specified in the direction is credited to the EIF Education Portfolio Special Account.
Debit from the EIF Education Portfolio Special Account
(2) The Education Minister must ensure that, as soon as practicable after the amount is credited, the EIF Education Portfolio Special Account is debited for the purposes of making the payment.
(3) However, if the payment cannot be made, an amount equal to the credited amount is to be:
(a) debited from the EIF Education Portfolio Special Account; and
(b) credited to the Education Investment Fund Special Account.