Tasmanian Community Fund Act 2005 (Tas)

Tasmanian Community Fund Act 2005

An Act to provide for the continuation of the operation of the Tasmanian Community Fund and the Tasmanian Community Fund Board and for other purposes [Royal Assent 15 December 2005]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1. Short title This Act may be cited as the Tasmanian Community Fund Act 2005 .

2. Commencement This Act commences on the day on which this Act receives the Royal Assent.

3. Interpretation In this Act, unless the contrary intention appears – Board means the Tasmanian Community Fund Board continued in existence under section 6 ; Fund means the Tasmanian Community Fund continued in existence under section 4 ; repealed Act means the Trust Bank Sale Act 1999 .

4. Tasmanian Community Fund (1) The Tasmanian Community Fund established under the repealed Act continues in existence as an account in the Public Account. (2) Money standing immediately before the commencement of this Act to the credit of the fund established within the Special Deposits and Trust Fund under the repealed Act stands to the credit of the Fund. (3) Any amounts determined in accordance with section 5 are to be paid into the Fund each year out of the Public Account without further appropriation than this section.

5. Amounts to be paid into Fund (1) The amount to be paid into the Fund in each financial year is an amount that is equal to the amount paid into the Fund in the previous financial year indexed, in accordance with the ratio of the most recent March quarter CPI figure for Hobart, to the March quarter CPI figure for Hobart in the preceding year. (2) For the purposes of subsection (1) – CPI figure for Hobart means the Consumer Price Index : All Groups Index Number for Hobart published by the Australian Statistician under the authority of the Census and Statistics Act 1905 of the Commonwealth.