Commonwealth Numbered Acts

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CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 49

Nominated Minister's authorisation of payment to Corporation

             (1)  As soon as practicable after a request is made under section 48, the nominated Minister must:

                     (a)  determine whether the request is in accordance with the agreement under section 52; and

                     (b)  if satisfied that it is--give written authorisation for the requested payment.

             (2)  If the nominated Minister gives written authorisation for the requested payment, the Commonwealth must, as soon as practicable, pay the authorised amount to the Corporation.

Note:          Under paragraph 47(a), the amount is debited from the Account.

             (3)  An authorisation under subsection (1) is not a legislative instrument.



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