Australian Capital Territory Numbered Acts

COMMUNITY DEVELOPMENT FUND (REPEAL) ACT 1990 (NO. 47 OF 1990) - SECT 4

4. (1) The amount standing to the credit of the Trust Account on the commencement date shall be paid into the Consolidated Revenue Fund.

(2) To the extent that the whole or any part of the amount referred to in subsection (1)—

        (a)     has been committed for payment pursuant to the repealed Act for the purposes of the Trust Account;

        (b)     has not been paid out of that account for those purposes prior to the commencement date; and

        (c)     is not appropriated by the Appropriation Act;

then the whole or that part, as the case may be, of that amount is appropriated from the Consolidated Revenue Fund by this Act for payment by the relevant Minister for the same purposes.

(3) Notwithstanding section 3, subsections 4 (2), 5 (3) and 7 (6), (7) and (8) of the repealed Act continue to apply after the commencement date in relation to amounts paid out of the Trust Account in accordance with that Act before the commencement date.

(4) In the application of subsections 5 (3) and 7 (6) and (8) of the repealed Act, by virtue of subsection (3), the references in those applied subsections to the fund shall be read as references to the Consolidated Revenue Fund.

(5) In this section—