Document ID: chunk:federal_register_of_legislation:C2013C00589:clause:1_234
Version: federal_register_of_legislation:C2013C00589
Segment Type: clause
Provision Reference: sch 1 cl 234
Character Range: 125245–126086

234  Superannuation Protection Account
 (1) There is continued in existence the Superannuation Protection Account.
Note: The Account was established by subsection 5(3) of the Financial Management Legislation Amendment Act 1999.
 (2) The Account is a Special Account for the purposes of the Financial Management and Accountability Act 1997.
 (3) So far as practicable, an amount standing to the credit of the Account that is not required for the purposes of making payments of financial assistance consequential on debits from the Account must be debited from the Account and invested under section 39 of the Financial Management and Accountability Act 1997.
 (4) If income is received by the Commonwealth from the investment of an amount standing to the credit of the Account, an amount equal to the income must be credited to the Account.