52Credits to the Account

52 Credits to the Account

(1) There must be credited to the Account amounts equal to the following: (a) $5 billion, to be credited on the day on which this section commences; (b) amounts paid to the Commonwealth under section 58. (2) The Ministers may, by writing, determine that: (a) a specified amount is to be credited to the Account on a specified day; or (b) a specified amount is to be credited to the Account in specified instalments on specified days.

Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.

(3) There must be credited to the Account any other money appropriated by the Parliament for the purposes of the Account. (4) The Ministers must ensure that the total of the amounts credited to the Account under subsection (2) before 2 July 2029 is equal to $10 billion. (5) A determination under subsection (2) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.