Commonwealth Numbered Acts

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CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 48

Corporation's request for a payment for itself

             (1)  The Corporation may request a payment by the Commonwealth of a specified amount:

                     (a)  to meet liabilities or expenses of the Corporation:

                              (i)  that are already due; or

                             (ii)  that will, or that are expected to, become due during the period specified in the request; or

                     (b)  so that the total balance of the Corporation's bank account or accounts is at least the operating balance.

             (2)  The Corporation's request must:

                     (a)  be in writing; and

                     (b)  specify:

                              (i)  the liabilities or expenses the payment is to meet; or

                             (ii)  the amount by which the Corporation's bank balance falls short of the operating balance; and

                     (c)  be in accordance with the agreement under section 52.

             (3)  The Corporation must not request a payment under subsection (1) of an amount that would exceed the uncommitted balance of the Account at the time the request is made.



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