Commonwealth Numbered Acts

CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 51

             (1)  As soon as practicable after a request is made under section 50, 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:

                              (i)  give written authorisation for the requested payment; and

                             (ii)  specify the day on which the payment is to be made (or days, if the Minister decides the payment should be made in instalments); and

                            (iii)  if the Minister decides the payment should be made in instalments--specify the instalment amounts for each day.

             (2)  If the nominated Minister gives written authorisation for the requested payment, the Commonwealth must, on the specified day or days, pay the authorised amount to ARENA.

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

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