Queensland Consolidated Acts

ENVIRONMENTAL OFFSETS ACT 2014 - SECT 89

89 Payment of amounts into and from trust fund

(1) On receipt by the local government of an amount as a financial settlement offset, the amount—

(a) becomes trust money; and

(b) must be credited to the local government’s trust fund.

(2) The local government may transfer an amount from a trust fund only for—

(a) paying expenses incurred, directly or indirectly, by the local government in the delivery of the environmental offset to achieve a conservation outcome; or

(b) paying fees or expenses related to administering the trust fund; or

(c) paying other amounts prescribed, or required or permitted, by regulation to be paid out of the trust fund.