Document ID: chunk:federal_register_of_legislation:C2007C00134:clause:2_1193
Version: federal_register_of_legislation:C2007C00134
Segment Type: clause
Provision Reference: sch 2 cl 1193
Character Range: 215010–215494

1193  Subsections 38(1), (2) and (3)
Repeal the subsections, substitute:

 (1) This subsection establishes a reserve called the Sea Installations Reserve.

 (2) The Reserve is a component of the Reserved Money Fund.

 (3) There must be transferred to the Reserve from the Consolidated Revenue Fund amounts equal to money paid as a security under section 37 by way of a cash deposit.

Note: The heading to section 38 is altered by omitting "Trust Account" and substituting "Reserve".