Document ID: chunk:federal_register_of_legislation:C2012A00044:clause:1_121
Version: federal_register_of_legislation:C2012A00044
Segment Type: clause
Provision Reference: sch 1 cl 121
Character Range: 46857–47586

121  Subsection 102(3)
Repeal the subsection, substitute:
 (3) The purposes of the NRS Account are as follows:
 (a) to pay amounts payable by the Commonwealth under a contract entered into under section 13 of the Telecommunications Universal Service Management Agency Act 2012 for a purpose relating to the achievement of the policy objective set out in paragraph 11(d) of that Act;
 (b) to make grants under section 13 of the Telecommunications Universal Service Management Agency Act 2012 for a purpose relating to the achievement of the policy objective set out in paragraph 11(d) of that Act.
Note: See section 21 of the Financial Management and Accountability Act 1997 (debits from Special Accounts).

Part 3—Transitional