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Emergency Response Fund Act 2019
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Department of Finance
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C2019A00090
28 October 2019
-
28 February 2023
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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
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Part 2—Emergency Response Fund
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Division 1—Introduction
8 Simplified outline of this Part
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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
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Division 3—Credits of amounts to the Emergency Response Fund Special Account
13 Credits of amounts
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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
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Part 3—Arrangements and grants relating to natural disasters
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Division 1—Introduction
19 Simplified outline of this Part
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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
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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
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Division 4—Channelling State/Territory grants through the COAG Reform Fund
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
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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
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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
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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
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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
