National Trust Fund Act 2026 · Updated to 15 Sep 2026 · Part III · Utilisation of Fund
25. Withdrawal limit
Feedback & supportSubject to subsection (2), the maximum amount which may be withdrawn from the Fund in any financial year is fifty per centum of the total amount of the long-term expected real rate of return for that financial year on the assets of the Fund.
If in any financial year the Minister thinks that it is necessary to authorize a withdrawal exceeding the maximum amount set in accordance with subsection (1), the Minister shall, by motion, obtain the approval of the House of Representatives.
Minister
“Minister” means the Minister charged with the responsibility for finance;
The House of Representatives may, by resolution, approve the motion referred to in subsection (2).
Any amount available to be withdrawn in a financial year which has not been withdrawn shall not be carried forward to the following financial year.
In this section, “long-term expected real rate of return”
means the rate of return per annum, adjusted for inflation or deflation, that can be expected to be earned from investments of the Fund over a period of twenty years.