Commonwealth Consolidated Acts

FUTURE DROUGHT FUND ACT 2019 - SECT 16

    Each of the following is a purpose of the Future Drought Fund Special Account:

  (a)   paying the costs of, or incidental to, the acquisition of financial assets under section   39;

  (b)   paying expenses of an investment of the Future Drought Fund;

  (c)   paying the costs of, or incidental to, the acquisition of derivatives under section   49;

  (d)   paying or discharging the costs, expenses and other obligations incurred by the Future Fund Board under a contract between the Board and an investment manager engaged under subsection   52(1);

  (e)   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 the bank account relates exclusively to the Future Drought Fund;

  (f)   paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the Future Drought Fund;

  (g)   paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the Future Drought Fund.

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