22NSW Reconstruction Authority Fund

22 NSW Reconstruction Authority Fund

22 NSW Reconstruction Authority Fund

(1) There is to be established in the Special Deposits Account a NSW Reconstruction Authority Fund (the Fund).

(2) The following amounts may be paid into the Fund—

(a) money advanced to the Authority by the Treasurer or the Commonwealth, or appropriated by Parliament for the purposes of the Authority,

(b) money directed or authorised to be paid into the Fund by or under this Act or another Act,

(c) the proceeds of the investment of money in the Fund,

(d) money received by the Authority from another source, including money received from a funding scheme implemented by the Authority or donations and philanthropic contributions,

(e) an amount, or an amount of a class, prescribed by the regulations.

(3) The following amounts may be paid from the Fund—

(a) amounts required to meet expenditure incurred by the Authority,

(b) amounts required to be paid by the Authority in accordance with a funding scheme implemented by the Authority,

(c) other payments required by this Act or another Act to be paid from the Fund,

(d) an amount, or an amount of a class, prescribed by the regulations.

(4) To avoid doubt, the Authority may spend money mentioned in subsection (2)(d) for any purpose that will assist the Authority to achieve the primary object of this Act.

(5) The Fund is to be administered by the Authority.

(6) The Authority may invest money in the Fund—

(a) if the Authority is a GSF agency for the Government Sector Finance Act 2018, Part 6—in any way the Authority is permitted to invest money under that Part, or

(b) if the Authority is not a GSF agency for the Government Sector Finance Act 2018, Part 6—in any way approved by the Minister with the concurrence of the Treasurer.