Document ID: chunk:federal_register_of_legislation:F2017L00251:reg:7
Version: federal_register_of_legislation:F2017L00251
Segment Type: reg
Provision Reference: reg 7
Character Range: 3756–5564

7  Purposes of the special account
  For the purposes of paragraph 78(1)(c) of the Act, the purposes for which amounts may be debited from the special account are as follows:
 (a) in connection with the activities of the Australian Red Cross Society in relation to blood or blood products, or substitutes for blood or blood products (whether directly with the Australian Red Cross Society, or with a relevant third party), to make a payment:
  (i) to meet liabilities of the Australian Red Cross Society;
  (ii) to manage, defend, settle or otherwise deal with claims against the Australian Red Cross Society;
  (iii) to manage risks to reduce the incidence or size of potential liabilities or claims against the Australian Red Cross Society;
 (b) to make a payment (including a notional payment) to the Commonwealth, a State, a Territory or the Australian Red Cross Society in proportions which are to be agreed by the parties;
 (c) to repay to an original payer amounts credited to the special account or to the former special account, after any necessary payments made for the purposes mentioned in paragraphs (a) or (b);
 (d) to carry out activities that are incidental to a purpose mentioned in paragraphs (a) or (b) including, but not limited to:
 (i) the administration of the special account; and
 (ii) dealing with direct and indirect costs;
 (e) to reduce the balance of the special account (and, therefore, the available appropriation for the special account) without making a real or notional payment, including to give effect to the remittance of amounts to the Official Public Account as agreed between the Finance Minister and the responsible minister;
 (f) to repay amounts where an Act or other law requires or permits the repayment of an amount received.

Part 3—Transitional provisions