Document ID: chunk:federal_register_of_legislation:C2024C00278:section:34
Version: federal_register_of_legislation:C2024C00278
Segment Type: section
Provision Reference: s 34
Character Range: 46793–47734

34  Transfers to the Agriculture Future Drought Resilience Special Account

Scope
 (1) This section applies to:
 (a) the financial year beginning on 1 July 2020; and
 (b) each subsequent financial year.

Transfers
 (2) During a financial year, the Finance Minister must, in writing, direct that:
 (a) $100 million is to be:
 (i) debited from the Future Drought Fund Special Account; and
 (ii) credited to the Agriculture Future Drought Resilience Special Account;
  on a specified day in the financial year; or
 (b) $100 million is to be:
 (i) debited from the Future Drought Fund Special Account; and
 (ii) credited to the Agriculture Future Drought Resilience Special Account;
  in specified instalments on specified days in the financial year.
 (3) A direction under subsection (2) is not a legislative instrument.
 (4) The Finance Minister must give a copy of a direction under subsection (2) to the Treasurer and the Drought Minister.