Document ID: chunk:federal_register_of_legislation:C2012A00149:clause:2_12
Version: federal_register_of_legislation:C2012A00149
Segment Type: clause
Provision Reference: sch 2 cl 12
Character Range: 17605–18279

12  National Portrait Gallery Special Account
(1) At the transition time, the Special Account established under subsection 20(1) of the Financial Management and Accountability Act 1997 with the name "National Portrait Gallery Special Account" is abolished.
(2) If an amount (the old amount) stands to the credit of that Special Account immediately before the transition time, there is payable to the National Portrait Gallery of Australia, at the transition time, an amount equal to the old amount.
(3) The amount payable to the National Portrait Gallery of Australia under subitem (2) is to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.