Commonwealth Consolidated Acts

GOVERNANCE OF AUSTRALIAN GOVERNMENT SUPERANNUATION SCHEMES ACT 2011 - SECT 29G

  (1)   This section sets out the purposes of the Account.

  (2)   Amounts standing to the credit of the Account may be debited for the following purposes:

  (a)   to pay or discharge the costs, expenses or other obligations incurred by CSC in the performance of its functions under this Act or another law of the Commonwealth, to the extent that the Commonwealth agrees, or is required under an Act administered by CSC or instrument made under such an Act, to meet those costs, expenses or obligations;

  (b)   to pay any remuneration and allowances payable to:

  (i)   a director in accordance with section   34; or

  (ii)   a member of a panel or committee (however described) established, under an Act administered by CSC or an instrument made under such an Act, to review a decision of CSC;

  (c)   to meet the expenses of administering the Account;

  (d)   to repay, as required by law, amounts that have been credited to the Account;

  (e)   to reduce the balance of the Account (and, therefore, the available appropriation for the Account) without making a real or notional payment.

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