Commonwealth Numbered Acts

EMERGENCY RESPONSE FUND ACT 2019 (NO. 90, 2019)

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Simplified outline of this Act  
   4.      Definitions  
   5.      Crown to be bound  
   6.      Extension to external Territories  
   7.      Extra-territorial application  

   PART 2--EMERGENCY RESPONSE FUND

           Division 1--Introduction

   8.      Simplified outline of this Part  

           Division 2--Establishment of the Emergency Response Fund and the Emergency Response Fund Special Account

   9.      Establishment of the Emergency Response Fund  
   10.     Transfer of balance of the Education Investment Fund Special Account  
   11.     Transfer of investments of the Education Investment Fund  
   12.     Establishment of the Emergency Response Fund Special Account  

           Division 3--Credits of amounts to the Emergency Response Fund Special Account

   13.     Credits of amounts  

           Division 4--Debits of amounts from the Emergency Response Fund

   14.     Main purposes of the Emergency Response Fund Special Account  
   15.     Purposes of the Emergency Response Fund Special Account--purposes related exclusively to the investments etc. of the Emergency Response Fund  
   16.     Purposes of the Emergency Response Fund Special Account--purposes not related exclusively to the Emergency Response Fund  
   17.     Future Fund Board must ensure that the balance of the Emergency Response Fund Special Account is sufficient to cover authorised debits etc.  
   18.     Transfers from the Emergency Response Fund to the Future Fund  

   PART 3--ARRANGEMENTS AND GRANTS RELATING TO NATURAL DISASTERS

           Division 1--Introduction

   19.     Simplified outline of this Part  

           Division 2--Arrangements and grants

   20.     Arrangements and grants  
   21.     Terms and conditions of grants  
   22.     Emergency Management Minister has powers etc. of the Commonwealth  
   23.     Conferral of powers on the Emergency Management Minister  
   24.     Constitutional limits  
   25.     Executive power of the Commonwealth  
   26.     Publication of information relating to arrangements and grants  

           Division 3--Home Affairs Emergency Response Fund Special Account

   27.     Home Affairs Emergency Response Fund Special Account  
   28.     Transfers from the Emergency Response Fund Special Account to the Home Affairs Emergency Response Fund Special Account--general  
   28A.    Transfers from the Emergency Response Fund Special Account to the Home Affairs Emergency Response Fund Special Account--resilience etc.  
   29.     Other credits to the Home Affairs Emergency Response Fund Special Account  
   30.     Purposes of the Home Affairs Emergency Response Fund Special Account  
   31.     Excess balance of the Home Affairs Emergency Response Fund Special Account must be transferred to the Emergency Response Fund Special Account  

           Division 4--Channelling State

   32.     Channelling State/Territory grants through the COAG Reform Fund--general  
   32A.    Channelling State/Territory grants through the COAG Reform Fund--resilience etc.  
   33.     Debits from the COAG Reform Fund  

           Division 5--Annual limit on amounts debited from the Emergency Response Fund Special Account

   34.     Annual limit on amounts debited from the Emergency Response Fund Special Account  

   PART 4--INVESTMENT OF THE EMERGENCY RESPONSE FUND

   35.     Simplified outline of this Part  
   36.     Objects of investment of the Emergency Response Fund  
   37.     Investment of the Emergency Response Fund  
   38.     Management of investments of the Emergency Response Fund  
   39.     Emergency Response Fund Investment Mandate  
   40.     Obligation on Future Fund Board in performing investment functions  
   41.     Limitation on Emergency Response Fund Investment Mandate  
   42.     Future Fund Board to be consulted on Emergency Response Fund Investment Mandate  
   43.     Compliance with Emergency Response Fund Investment Mandate  
   44.     Future Fund Board must not trigger the takeover provisions of the Corporations Act 2001  
   45.     Borrowing  
   46.     Emergency Response Fund investment policies  
   47.     Derivatives  
   48.     Additional financial assets  
   49.     Securities lending arrangements  
   50.     Investment managers  
   51.     Refund of franking credits  
   52.     Realisation of non-financial assets  
   53.     Additional function of the Future Fund Board  

   PART 5--REPORTING OBLIGATIONS ETC.

   54.     Simplified outline of this Part  
   55.     Finance Minister may require Future Fund Board to prepare reports or give information  
   56.     Keeping the responsible Ministers informed etc.  
   57.     Finance Minister may give reports, documents and other information to other Ministers  

   PART 6----MISCELLANEOUS

   58.     Simplified outline of this Part  
   59.     Delegation by the Finance Minister  
   60.     Delegation by the Treasurer  
   61.     Delegation by the Emergency Management Minister  
   62.     Transitional--receipts relating to the Education Investment Fund  
   63.     Review of operation of Act  
   64.     Rules