Document ID: chunk:federal_register_of_legislation:C2013C00589:clause:1_221
Version: federal_register_of_legislation:C2013C00589
Segment Type: clause
Provision Reference: sch 1 cl 221
Character Range: 78953–80139

221  Subsections 6(4), (5) and (6)
Repeal the subsections, substitute:

Advances on account of fixed income
 (4) During a financial year, the Finance Minister may, by written instrument, determine that a specified amount is to be credited to the Account by way of an advance on account of the amount that may be credited to the Account under subsection (2) in respect of the financial year. The determination has effect accordingly.
 (5) For each $1 credited under subsection (4) in respect of a financial year, the amount credited under subsection (2) in respect of the financial year is to be reduced by $1.
 (6) If, at the end of a financial year:
 (a) the total amount credited to the Account under subsection (4) in respect of the financial year;
exceeds:
 (b) the amount (if any) that would have been credited to the Account under subsection (2) in respect of the financial year if it were assumed that no amounts had been credited under subsection (4) in respect of the financial year;
an amount equal to the excess must be debited from the Account.
 (7) In this section:
Finance Minister means the Minister who administers the Financial Management and Accountability Act 1997.