Document ID: chunk:federal_register_of_legislation:C2024C00302:section:8b
Version: federal_register_of_legislation:C2024C00302
Segment Type: section
Provision Reference: s 8B
Character Range: 11621–12897

8B  Appropriation for the purposes of the New Arrangements to Borrow
 (1) If the Treasurer is satisfied that an amount should be paid out of the Consolidated Revenue Fund to enable Australia to carry out its obligations under the New Arrangements to Borrow, he or she may direct that that amount be paid out of the Consolidated Revenue Fund.
 (2) The Consolidated Revenue Fund is appropriated accordingly.

Amendment or renewal of the New Arrangements to Borrow
 (3) The Treasurer may, by legislative instrument, give notice of an amendment or renewal of the New Arrangements to Borrow by a decision of the Executive Board of the Fund.
Note: References to the New Arrangements to Borrow in this Act only incorporate references to amendments that are set out in the definition of New Arrangements to Borrow in section 3 or notified under this subsection (see paragraph (f) of that definition).
 (4) A legislative instrument under subsection (3) commences at the later of the following days or times:
 (a) the earliest day or time applicable under subsection 12(1) of the Legislation Act 2003;
 (b) the start of the day immediately after the last day on which a resolution referred to in subsection 42(1) of the Legislation Act 2003 disallowing the instrument could be passed.