Document ID: chunk:federal_register_of_legislation:C2017A00071:section:10
Version: federal_register_of_legislation:C2017A00071
Segment Type: section
Provision Reference: s 10
Character Range: 8151–9286

10  Credits to the Medicare Guarantee Fund (Treasury) Special Account—avoiding funding shortfalls
 (1) If:
 (a) one or more amounts have been credited to the Medicare Guarantee Fund (Treasury) Special Account; and
 (b) at a time during a budget year, the Treasurer is satisfied that the combined balance of that account and the Medicare Guarantee Fund (Health) Special Account is likely to fall short of the amount that the Treasurer considers would be sufficient to cover the funding of:
 (i) Medicare benefit payments; and
 (ii) PBS payments;
  for the remainder of the budget year;
the Treasurer must make a determination under section 7 that:
 (c) is expressed to be for the budget year; and
 (d) provides that a specified amount is to be credited to the Medicare Guarantee Fund (Treasury) Special Account at a specified time.
 (2) The specified time:
 (a) must occur during the budget year; and
 (b) must not be earlier than the commencement of the determination.

Amount specified in determination
 (3) The amount specified in the determination must be the amount that the Treasurer estimates to be the amount of the shortfall.