Document ID: chunk:federal_register_of_legislation:C2023C00318:section:54
Version: federal_register_of_legislation:C2023C00318
Segment Type: section
Provision Reference: s 54
Character Range: 43384–44286

54  Corporation's request for a payment for itself
 (1) The Corporation may request a payment by the Commonwealth of a specified amount:
 (a) to meet liabilities or expenses of the Corporation:
 (i) that are already due; or
 (ii) that will, or that are expected to, become due during the period specified in the request; or
 (b) so that the total balance of the Corporation's bank account or accounts is at least the operating balance.
 (2) The Corporation's request must:
 (a) be in writing; and
 (b) specify:
 (i) the liabilities or expenses the payment is to meet; or
 (ii) the amount by which the Corporation's bank balance falls short of the operating balance; and
 (c) be in accordance with the agreement under section 56.
 (3) The Corporation must not request a payment under subsection (1) of an amount that would exceed the uncommitted balance of the Account at the time the request is made.