New South Wales Consolidated Acts

ENVIRONMENTAL TRUST ACT 1998 - SECT 19

19 Standing appropriation of Consolidated Fund for payment to Trust Fund

(1) There is payable from the Consolidated Fund into the Trust Fund each financial year (commencing with the 1998-99 financial year) the amount of $13.5 million, as adjusted under subsection (2) for each subsequent financial year.

(2) For the purpose of the payment under subsection (1), the amount of $13.5 million is to be adjusted for a financial year in accordance with the formula--

and rounded to the nearest $1,000.

(3) In subsection (2)--

"CPI" means--

(a) the Consumer Price Index (All Groups Index) for Sydney issued by the Australian Statistician, or

(b) if the Australian Statistician ceases to issue that index or the regulations so provide--the number determined in accordance with the regulations.

(4) The Consolidated Fund is appropriated by this section for the purposes of payments to the Trust Fund under this section.

(5) Payments to the Trust Fund under this section are to be made in such instalments and at such times as the Treasurer determines.

(6) This section is subject to clause 5 of Schedule 3.