Document ID: chunk:federal_register_of_legislation:C2024C00295:section:8
Version: federal_register_of_legislation:C2024C00295
Segment Type: section
Provision Reference: s 8
Character Range: 15469–16511

8  Simplified outline of this Part

         • The Disaster Ready Fund consists of:
             (a) the Disaster Ready Fund Special Account; and
             (b) the investments of the Disaster Ready Fund.
         • The responsible Ministers may determine that additional amounts be credited to the Disaster Ready Fund Special Account.
         • Each of the following is a purpose of the Disaster Ready Fund Special Account:
             (a) to transfer amounts to the Disaster Ready Fund Payments Special Account for the purposes of making payments and grants in relation to natural disasters;
             (b) to transfer amounts to the Federation Reform Fund for the purposes of making grants to the States and Territories in relation to natural disasters.
         • The Disaster Ready Fund Special Account can be debited in relation to costs and other obligations incurred by the Future Fund Board in managing the Disaster Ready Fund.

Division 2—Establishment of the Disaster Ready Fund and the Disaster Ready Fund Special Account