Commonwealth Consolidated Acts

HOUSING AUSTRALIA FUTURE FUND ACT 2023 - SECT 34

Requested transfers

  (1)   If an amount has been credited under paragraph   33(4)(d) to the Housing Australia Special Account for a purpose in relation to a payment to Housing Australia, the Housing Minister must:

  (a)   ensure that the Housing Australia Special Account is debited for the purposes of making the payment; and

  (b)   do so as soon as practicable after the amount has been credited.

Guaranteed transfers

  (2)   If an amount (the credited amount ) has been credited under paragraph   33A(2)(b) to the Housing Australia Special Account, the Housing Minister must:

  (a)   ensure that the Housing Australia Special Account is debited for the purposes of making a payment of an amount equal to the credited amount to Housing Australia for the purpose specified in paragraph   47C(1)(b) of the Housing Australia Act 2018 ; and

  (b)   do so as soon as practicable after the credited amount has been credited.

Note:   Under subsection   47C(2A) of the Housing Australia Act 2018 , such a payment enables Housing Australia to make grants and loans in relation to acute housing needs, social housing or affordable housing.