Commonwealth Consolidated Acts

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NATIONAL RECONSTRUCTION FUND CORPORATION ACT 2023 - SECT 55

Nominated Minister's authorisation of payment to Corporation

  (1)   As soon as practicable after a request is made under section   54, the nominated Minister must:

  (a)   determine whether the request is in accordance with the agreement under section   56; and

  (b)   if satisfied that it is--give written authorisation for the requested payment.

  (2)   If the nominated Minister gives written authorisation for the requested payment, the Commonwealth must, as soon as practicable, pay the authorised amount to the Corporation.

Note:   See also section   53.

  (3)   An authorisation under subsection   (1) is not a legislative instrument.



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