Document ID: chunk:federal_register_of_legislation:C2007A00161:clause:1_73
Version: federal_register_of_legislation:C2007A00161
Segment Type: clause
Provision Reference: sch 1 cl 73
Character Range: 16901–18546

73  At the end of clause 2 of Schedule 2 (after the notes)
Add:

Purposes not related exclusively to the Fund

 (2) Each of the following is a purpose of the Fund Account:
 (a) paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Board, where those costs, expenses or obligations are not covered by:
 (i) paragraph (1)(g); or
 (ii) paragraph 16(1)(g) of the Higher Education Endowment Fund Act 2007;
 (b) paying a premium in respect of a contract of insurance entered into by the Board, where the premium is not covered by:
 (i) paragraph (1)(h); or
 (ii) paragraph 16(1)(h) of the Higher Education Endowment Fund Act 2007;
 (c) paying or discharging any other costs, expenses, obligations or liabilities incurred by the Board, where the costs, expenses, obligations or liabilities are not covered by:
 (i) a paragraph of subclause (1); or
 (ii) a paragraph of subsection 16(1) of the Higher Education Endowment Fund Act 2007;
 (d) paying remuneration and allowances of Board members;
 (e) paying remuneration, and other employment‑related costs and expenses, in respect of members of the staff of the Agency;
 (f) paying or discharging the costs, expenses and other obligations incurred by the Commonwealth under a contract entered into under section 78 or 82;
 (g) paying or discharging the costs, expenses and other obligations incurred by the Commonwealth in connection with the establishment or operation of the Agency.

Note: See section 21 of the Financial Management and Accountability Act 1997 (debits from Special Accounts).