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ABORIGINAL AND TORRES STRAIT ISLANDER LAND AND SEA FUTURE FUND ACT 2018 - SECT 16

Purposes of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account--purposes not related exclusively to the Aboriginal and Torres Strait Islander Land and Sea Future Fund

    Each of the following is a purpose of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account:

  (a)   paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, if those costs, expenses or obligations are not covered by:

  (i)   paragraph   15(e); or

  (ia)   paragraph   15(e) of the Disaster Ready Fund Act 2019 ; or

  (iaa)   paragraph   13(e) of the Housing Australia Future Fund Act 2023 ; or

  (ii)   paragraph   18(e) of the Medical Research Future Fund Act 2015 ; or

  (iii)   paragraph   2(1)(g) of Schedule   2 to the Future Fund Act 2006 ; or

  (v)   paragraph   15(e) of the DisabilityCare Australia Fund Act 2013 ; or

  (vi)   paragraph   16(e) of the Future Drought Fund Act 2019 ;

  (b)   paying a premium in respect of a contract of insurance entered into by the Future Fund Board, if the premium is not covered by:

  (i)   paragraph   15(f); or

  (ia)   paragraph   15(f) of the Disaster Ready Fund Act 2019 ; or

  (iaa)   paragraph   13(f) of the Housing Australia Future Fund Act 2023 ; or

  (ii)   paragraph   18(f) of the Medical Research Future Fund Act 2015 ; or

  (iii)   paragraph   2(1)(h) of Schedule   2 to the Future Fund Act 2006 ; or

  (v)   paragraph   15(f) of the DisabilityCare Australia Fund Act 2013 ; or

  (vi)   paragraph   16(f) of the Future Drought Fund Act 2019 ;

  (c)   paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board, if the costs, expenses, obligations or liabilities are not covered by:

  (i)   a paragraph of section   15; or

  (ia)   a paragraph of section   15 of the Disaster Ready Fund Act 2019 ; or

  (iaa)   a paragraph of section   13 of the Housing Australia Future Fund Act 2023 ; or

  (ii)   a paragraph of section   18 of the Medical Research Future Fund Act 2015 ; or

  (iii)   a paragraph of subclause   2(1) of Schedule   2 to the Future Fund Act 2006 ; or

  (v)   a paragraph of section   15 of the DisabilityCare Australia Fund Act 2013 ; or

  (vi)   a paragraph of section   16 of the Future Drought Fund Act 2019 ;

  (d)   paying remuneration and allowances of Future Fund Board members;

  (e)   paying remuneration, and other employment - related costs and expenses, in respect of members of the staff of the Agency;

  (f)   paying or discharging the costs, expenses and other obligations incurred by the Commonwealth or the Future Fund Board:

  (i)   under a contract entered into under section   78 or 82 of the Future Fund Act 2006 ; or

  (ii)   in connection with the operation of the Agency.

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



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