Queensland Consolidated Acts

ENVIRONMENTAL OFFSETS ACT 2014 - SECT 86

86 Payment of amounts from offset account

(1) The chief executive may make payments from the offset account only for—

(a) paying expenses incurred by the department in relation to an environmental offset the department delivers, whether directly or indirectly; or

(b) paying fees or expenses related to administering the offset account; or

(c) making an investment under a Treasurer’s approval in accordance with the Financial Accountability Act 2009 , section 87 ; or

(d) paying other amounts required or permitted under this Act to be part of the offset account.

(2) If a financial settlement payment has been made for a prescribed environmental matter that is a protected area, the chief executive must give the amount to the department responsible for the administration of the protected area for the delivery of an environmental offset as mentioned in section 7 (3) .

(3) However, subsection (2) does not apply for financial settlement payments received in relation to impacts on—

(a) other matters of environmental significance within a protected area; or

(b) a protected area that is a special wildlife reserve or nature refuge.