Commonwealth Numbered Acts

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CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 50

Corporation's request for a payment for ARENA

             (1)  The Corporation may, in writing, request a payment by the Commonwealth of a specified amount to ARENA.

             (2)  The Corporation must not make a request under subsection (1) unless the Board is satisfied that, if the specified amount were to be paid for with the Corporation's money, it could, at the time the request is made, be paid out of earnings of the Corporation.

             (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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