Commonwealth Consolidated Acts Commonwealth Consolidated ActsNote: See section 13.
The following is a simplified outline of this Schedule:
• Amounts may be transferred from the Future Fund to the Future Drought Fund, the DisabilityCare Australia Fund, the Disaster Ready Fund, the Housing Australia Future Fund, the Medical Research Future Fund or the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
1A Transfers from the Future Fund to the Future Drought Fund
(1) If an amount is debited from the Future Drought Fund Special Account for a purpose mentioned in section 17 of the Future Drought Fund Act 2019 , the nominated Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Fund Account; and
(b) credited to the Future Drought Fund Special Account;
on a specified day.
(2) The specified amount must not exceed the amount debited from the Future Drought Fund Special Account as mentioned in subclause (1).
(3) A direction under subclause (1) is not a legislative instrument.
5 Transfers from the Future Fund to the DisabilityCare Australia Fund
(1) If an amount is debited from the DisabilityCare Australia Fund Special Account for a purpose mentioned in section 16 of the DisabilityCare Australia Fund Act 2013 , the nominated Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Fund Account; and
(b) credited to the DisabilityCare Australia Fund Special Account;
on a specified day.
(2) The specified amount must not exceed the amount debited from the DisabilityCare Australia Fund Special Account as mentioned in subclause (1).
(3) A direction under subclause (1) is not a legislative instrument.
5A Transfers from the Future Fund to the Disaster Ready Fund
(1) If an amount is debited from the Disaster Ready Fund Special Account for a purpose mentioned in section 16 of the Disaster Ready Fund Act 2019 , the nominated Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Fund Account; and
(b) credited to the Disaster Ready Fund Special Account;
on a specified day.
(2) The specified amount must not exceed the amount debited from the Disaster Ready Fund Special Account as mentioned in subclause (1).
(3) A direction under subclause (1) is not a legislative instrument.
5B Transfers from the Future Fund to the Housing Australia Future Fund
(1) If an amount is debited from the Housing Australia Future Fund Special Account for a purpose mentioned in section 14 of the Housing Australia Future Fund Act 2023 , the nominated Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Fund Account; and
(b) credited to the Housing Australia Future Fund Special Account;
on a specified day.
(2) The specified amount must not exceed the amount debited from the Housing Australia Future Fund Special Account as mentioned in subclause (1).
(3) A direction under subclause (1) is not a legislative instrument.
6 Transfers from the Future Fund to the Medical Research Future Fund
(1) If an amount is debited from the Medical Research Future Fund Special Account for a purpose mentioned in section 19 of the Medical Research Future Fund Act 2015 , the nominated Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Fund Account; and
(b) credited to the Medical Research Future Fund Special Account;
on a specified day.
(2) The specified amount must not exceed the amount debited from the Medical Research Future Fund Special Account as mentioned in subclause (1).
(3) A direction under subclause (1) is not a legislative instrument.
7 Transfers from the Future Fund to the Aboriginal and Torres Strait Islander Land and Sea Future Fund
(1) If an amount is debited from the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account for a purpose mentioned in section 16 of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018 , the nominated Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Fund Account; and
(b) credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account;
on a specified day.
(2) The specified amount must not exceed the amount debited from the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account as mentioned in subclause (1).
(3) A direction under subclause (1) is not a legislative instrument.