Document ID: chunk:federal_register_of_legislation:C2014C00181:clause:1_51
Version: federal_register_of_legislation:C2014C00181
Segment Type: clause
Provision Reference: sch 1 cl 51
Character Range: 79607–80272

51  Seed funding for the OSTF
(1) Despite section 52B of the ESOS Act (as inserted by this Schedule), the amount (the seed funding amount) of $5 million is, by force of this item, credited to the OSTF immediately after this item commences.

Returning amounts to the Commonwealth
(2) The difference between:
 (a) the seed funding amount; and
 (b) the total of amounts debited from the OSTF under section 52C of the ESOS Act (as inserted by this Schedule) before the 1 July that occurs 1 year after this item commences;
is, by force of this item, debited from the OSTF at the beginning of that 1 July.

Division 4—The Fund Manager and the Contributions Review Panel