Document ID: chunk:federal_register_of_legislation:C2009A00012:clause:2_7
Version: federal_register_of_legislation:C2009A00012
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 7245–8007

7  Subsection 23(1)
Repeal the subsection, substitute:

 (1) Such amounts as are ascertained in accordance with a determination made by the Minister in writing for the purposes of this subsection are to be:
 (a) debited from the Account; and
 (b) credited to the COAG Reform Fund for the purposes of making grants of financial assistance to a State for expenditure by the State on the maintenance and upkeep of roads in the State that are used by registered motor vehicles or trailers.

 (2) The Treasurer must ensure that, as soon as practicable after an amount is credited to the COAG Reform Fund under subsection (1) for the purposes of making a grant of financial assistance to a State, the COAG Reform Fund is debited for the purposes of making the grant.