Document ID: chunk:federal_register_of_legislation:C2017A00071:section:15
Version: federal_register_of_legislation:C2017A00071
Segment Type: section
Provision Reference: s 15
Character Range: 11070–12542

15  Surplus amounts in the Medicare Guarantee Fund (Health) Special Account—transfer to general CRF
 (1) After the initial credit time for the Medicare Guarantee Fund (Health) Special Account, the Health Minister may, by notifiable instrument, direct that a specified amount is to be debited from the Medicare Guarantee Fund (Health) Special Account on a specified day.
 (2) The specified day must not be earlier than the commencement of the direction.
 (3) The Health Minister must not give a direction under subsection (1) that specifies a day in a budget year unless:
 (a) the Health Minister has estimated that the balance of the Medicare Guarantee Fund (Health) Special Account as at the end of the budget year (reduced by any amounts credited to that account for a later budget year) is likely to be a particular amount; and
 (b) the amount specified in the direction is equal to, or less than, the estimated amount.
 (4) For the purposes of paragraph (3)(a), if:
 (a) an amount is credited to the Medicare Guarantee Fund (Treasury) Special Account under a section 7 determination for a budget year; and
 (b) as a result, under a section 14 direction, an amount equal to that amount is:
 (i) debited from the Medicare Guarantee Fund (Treasury) Special Account; and
 (ii) credited to the Medicare Guarantee Fund (Health) Special Account;
the amount credited to the Medicare Guarantee Fund (Health) Special Account is taken to have been credited for the budget year.