Document ID: chunk:federal_register_of_legislation:C2013C00589:clause:1_38:p1
Version: federal_register_of_legislation:C2013C00589
Segment Type: clause
Provision Reference: sch 1 cl 38 (pt 1/2)
Character Range: 19909–22784

38  Credit of amounts to and debits from Accounts
 (1) The Accounts referred to in subsections (2), (4) and (6) are Special Accounts for the purposes of the Financial Management and Accountability Act 1997.

Condah Land Account
 (2) There is continued in existence the Condah Land Account.
Note: The Account was established by subsection 5(3) of the Financial Management Legislation Amendment Act 1999.
 (3) There must be credited to the Condah Land Account, from time to time, amounts determined by the regulations.

Framlingham Forest Account
 (4) There is continued in existence the Framlingham Forest Account.
Note: The Account was established by subsection 5(3) of the Financial Management Legislation Amendment Act 1999.
 (5) There must be credited to the Framlingham Forest Account, from time to time, amounts determined by the regulations.

Aboriginal Advancement Account
 (6) The Aboriginal Advancement Account is established for the purpose of furthering the social and economic advancement of Aboriginal people living in Victoria.
 (7) The amount standing to the credit of the Condah Land Account must be applied as follows:
 (a) one‑half must be debited and paid by the Commonwealth to an Aboriginal Corporation nominated by the Minister;
 (b) one‑half must be debited for crediting under subsection (8).
 (8) Whenever an amount is debited from the Condah Land Account under paragraph (7)(b), an equal amount must be credited to the Aboriginal Advancement Account.
 (9) The amount standing to the credit of the Framlingham Forest Account must be applied as follows:
 (a) one‑half must be debited and paid by the Commonwealth to the Kirrae Whurrong Aboriginal Corporation;
 (b) one‑half must be debited for crediting under subsection (10).
 (10) Whenever an amount is debited from the Framlingham Forest Account under paragraph (9)(b), an equal amount must be credited to the Aboriginal Advancement Account.
 (11) The Minister may debit the Aboriginal Advancement Account for the purpose mentioned in subsection (6). Amounts equal to the amounts debited are paid by the Commonwealth.
 (12) The Minister may, at any time, direct that, from a specified date:
 (a) amounts standing to the credit of the Aboriginal Advancement Account at that date are to be debited and paid by the Commonwealth to; and
 (b) one‑half of the royalties credited to the Condah Land Account or the Framlingham Forest Account (which would otherwise be debited from the Account under paragraph (7)(b) or (9)(b)) are to be debited and paid by the Commonwealth to;
a body nominated by that Minister that is representative of Aboriginals and is established and administered by Aboriginals for the advancement of Aboriginals.
 (13) If interest is received by the Commonwealth from the investment of an amount standing to the credit of an Account continued in existence or established by or under