Document ID: chunk:federal_register_of_legislation:C2007C00134:clause:2_1061
Version: federal_register_of_legislation:C2007C00134
Segment Type: clause
Provision Reference: sch 2 cl 1061
Character Range: 187452–187971

1061  Subsections 11(1), (2) and (3)
Repeal the subsections, substitute:

 (1) This subsection establishes a reserve called the Natural Resources Management Reserve.

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

 (3) If interest is received by the Commonwealth from the investment of money from the Reserve, an amount equal to the interest must be transferred to the Reserve from the Consolidated Revenue Fund.

Note: The heading to section 11 is altered by omitting "Fund" and substituting "Reserve".