South Australian Repealed Acts

This legislation has been repealed.

NATURAL RESOURCES MANAGEMENT ACT 2004 - SECT 117

117—The Natural Resources Management Fund

        (1)         There will be a fund kept in a separate account at the Treasury to be called the Natural Resources Management Fund .

        (2)         The NRM Fund will consist of—

            (a)         any money provided by Parliament for the purposes of the fund; and

            (b)         grants, gifts and loans made to the Minister for payment into the fund; and

            (c)         any income arising from the investment of the fund under subsection (3) ; and

            (d)         the prescribed percentage of fees (other than expiation fees) paid under this Act; and

            (e)         expiation fees and the prescribed percentage of penalties recovered in respect of offences against this Act; and

            (f)         all other money that is required or authorised by or under this Act or any other law to be paid into the fund.

        (3)         Any money in the NRM Fund that is not for the time being required for the purposes of this Act may be invested by the Minister after consultation with the Treasurer.

        (4)         The Minister may apply any part of the NRM Fund—

            (a)         in making payments to regional NRM boards; or

            (b)         in paying subsidies or making grants or other payments to NRM authorities or other persons or bodies for the purposes of this Act; or

            (c)         in satisfying any requirements to use levies for a particular purpose; or

            (d)         in refunding a levy under Part 1 ; or

            (e)         for any other purpose to further the objects of this Act or to support the operation or administration of this Act; or

            (f)         in making any other payment required or authorised by or under this Act or any other law.