39Purposes of the Account

39 Purposes of the Account

The purposes of Public Interest Telecommunications Services Special Account are as follows: (a) to pay amounts payable by the Commonwealth under a contract entered into under section 14; (b) to make grants under section 14; (c) to pay the eligible administrative costs of the Commonwealth; (d) to make distributions in accordance with section 40; (e) to pay refunds under section 62.

Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).