Div 7Recycling Victoria Fund

Division 7—Recycling Victoria Fund

S. 37AA inserted by No. 35/2023 s. 3.

37AA Recycling Victoria Fund

(1) There must be established in the Public Account as part of the Trust Fund an account to be known as the Recycling Victoria Fund.

(2) The Recycling Victoria Fund is to be divided into—

(a) the Container Deposit Scheme account; and

(b) the Waste to Energy Scheme account.

S. 37AB inserted by No. 35/2023 s. 3.

37AB Payments into and from the Container Deposit Scheme account

(1) The following are to be credited to the Container Deposit Scheme account—

(a) payments made to the Minister or Head, Recycling Victoria under this Act in respect of the container deposit scheme;

(b) payments made to the Head, Recycling Victoria under the Scheme Coordinator agreement;

(c) all money appropriated by Parliament for the purposes of the Container Deposit Scheme account.

(2) Money in the Container Deposit Scheme account may be applied for the following purposes—

(a) any costs associated with the container deposit scheme;

(b) any amounts directed under subsection (3) to be paid into the Consolidated Fund.

(3) If the Treasurer is satisfied that there is in the Container Deposit Scheme account at any time an amount in excess of the amount required to meet the anticipated payments from the account, after consultation with the Minister, the Treasurer may direct the payment of the whole or any part of that excess amount out of the account into the Consolidated Fund.

S. 37AC inserted by No. 35/2023 s. 3.

37AC Payments into and from the Waste to Energy Scheme account

(1) The following are to be credited to the Waste to Energy Scheme account—

(a) payments made to the Head, Recycling Victoria under this Act in respect of the waste to energy scheme;

(b) all money appropriated by Parliament for the purposes of the Waste to Energy Scheme account.

(2) Money into the Waste to Energy Scheme account may be applied for the following purposes—

(a) any costs associated with the waste to energy scheme;

(b) any amounts directed under subsection (3) to be paid into the Consolidated Fund.

(3) If the Treasurer is satisfied that there is in the Waste to Energy Scheme account at any time an amount in excess of the amount required to meet the anticipated payments from the account, after consultation with the Minister, the Treasurer may direct the payment of the whole or any part of that excess amount out of the account into the Consolidated Fund.