National Trust Fund Act 2026 · Updated to 15 Sep 2026 · Part III · Utilisation of Fund
26. Application for withdrawals from Fund
Feedback & supportAn application for a withdrawal from the Fund shall be submitted to the Minister for approval.
The Minister shall not approve any withdrawal from the Fund in a financial year if—
Minister
“Minister” means the Minister charged with the responsibility for finance;
the withdrawal being applied for is not for any of the purposes specified in section 24; or
the withdrawal being applied for would exceed the maximum amount available to be withdrawn for that financial year set in accordance with subsection 25(1) or as approved by resolution of the House of Representatives in accordance with subsection 25(3).
The person whose application for a withdrawal has been approved under this section shall submit a report to the Minister on the utilisation of funds and the extent to which the intended results or deliverables have been achieved.
The report referred to in subsection (3) shall be submitted by the end of the financial year of the Fund and the subsequent financial years until the funds have been fully utilised for the approved purpose.
National Trust Fund 19
The annual report prepared by the National Trust Fund
(Incorporated) shall disclose the approved withdrawals from the Fund for that financial year and the actual amount utilised.