5 Establishment of Restart NSW Fund
There is to be established in the Special Deposits Account a fund called the Restart NSW Fund.
(1) The purpose of the Fund is to improve economic growth and productivity in the State, and for that purpose:(a) to fund major infrastructure projects, and(b) to fund infrastructure projects that will improve:(i) public transport, and(ii) roads, and(iii) infrastructure required for the economic competitiveness of the State (including the movement of freight, inter-modal facilities and access to water), and(iv) local infrastructure in regional areas that are affected by mining operations, and(v) hospital and other health facilities and services, and(vi) workplaces for law and justice officers, teachers, nurses and other staff providing services to the public.(2) In this section, a reference to funding a project includes a reference to funding the planning, selection, implementation and delivery of the project.
7 Payments into Restart NSW Fund
(1) There is payable into the Fund:(a) all money advanced by the Treasurer or appropriated by Parliament for the purposes of the Fund, including any such money that is certified by the Treasurer as windfall tax revenue in excess of Budget forecasts, and(b) money borrowed for the purposes of the Fund, including by the issue of special bonds to the people of the State and others, and(c) the proceeds of the investment of money in the Fund, and(d) all money directed or authorised to be paid into the Fund by or under this or any other Act or law, and(e) all money received from voluntary contributions to the Fund made by a government agency or other person or body.(2) Government agencies are authorised by this section to make voluntary contributions to the Fund.
8 Payments out of Restart NSW Fund
There is payable from the Fund:(a) any money approved by the Minister on the recommendation of Infrastructure NSW to fund all or any part of the cost of any project that the Minister is satisfied promotes a purpose of the Fund, and(b) any money required to meet administrative expenses related to the Fund, and(c) any money directed or authorised to be paid from the Fund by or under this or any other Act or law.
9 Annual and other reports relating to Restart NSW Fund
(1) The Minister is to produce an annual report detailing payments from the Fund.(2) The annual report is to include information on the total amount of payments made from the Fund for infrastructure projects in rural and regional areas outside the metropolitan areas of Sydney, Newcastle and Wollongong, and whether it represents at least 30% of the total payments from the Fund on infrastructure projects.(3) The annual report is to include the audit of the Fund by the Auditor General (including the report of the Auditor General on whether the payments from the Fund have been made in accordance with this Act).(4) The annual report is to be tabled in each House of Parliament within 6 months after the end of the financial year to which it relates.(5) The Minister is also to ensure that Infrastructure NSW receives regular reports on the balance of money standing to the credit of the Fund.
10 Investment of money in Restart NSW Fund
The Minister may invest money in the Fund:(a) in such manner as may be authorised by the Public Authorities (Financial Arrangements) Act 1987, or(b) if that Act does not confer power on the Minister to invest the money, in any other manner approved by the Treasurer.