Commonwealth Consolidated Acts

CLEAN ENERGY FINANCE CORPORATION ACT 2012 - SECT 48

  (1)   The Corporation may request a payment by the Commonwealth of a specified amount:

  (a)   to meet liabilities or expenses of the Corporation:

  (i)   that are already due; or

  (ii)   that will, or that are expected to, become due during the period specified in the request; or

  (b)   so that the total balance of the Corporation's bank account or accounts is at least the operating balance.

  (2)   The Corporation's request must:

  (a)   be in writing; and

  (b)   specify:

  (i)   the liabilities or expenses the payment is to meet; or

  (ii)   the amount by which the Corporation's bank balance falls short of the operating balance; and

  (c)   be in accordance with the agreement under section   52.

  (3)   The Corporation must not request a payment under subsection   (1) of an amount that would exceed the uncommitted balance of the Account at the time the request is made.