Section 4
Purposes of Fund
of Goods and Services Tax Voucher Fund Act 2012
ActIn forceProvision 4 of 20
Section 4
Amended by19/2020
(1)
The moneys in the Fund may be withdrawn and applied for all or any of the following purposes:
(a)
to provide financial assistance (including cash grants, grants‑in‑aid, rebates, reliefs, subsidies and credits) under a public scheme to such natural persons as may be prescribed, in order to mitigate the impact of the goods and services tax on their living expenses;
(b)
the payment of expenses mentioned in section 5;
(c)
for any other purposes that are authorised under this Act to be paid out of the Fund.
Amended by19/2020
(2)
The moneys in the Fund may be deposited in any bank account and invested in any investment authorised under the Financial Procedure Act 1966.