40Dams Safety Fund

40 Dams Safety Fund

40 Dams Safety Fund

(1) There is to be established in the Special Deposits Account a Dams Safety Fund (the Fund) into which is to be paid the following—

(a) any money advanced to Dams Safety NSW by the Treasurer or appropriated by Parliament for the purposes of Dams Safety NSW,

(b) any dams safety levy paid under section 41,

(c) the proceeds of the investment of money in the Fund,

(d) any money required or authorised to be paid into the Fund by or under this or any other Act.

(2) There is to be paid from the Fund—

(a) all amounts required to meet expenditure incurred by Dams Safety NSW in exercising its functions and in the administration of this Act, and

(b) all other payments required by or under this or any other Act to be paid from the Fund.

(3) Dams Safety NSW may invest money in the Fund—

(a) if Dams Safety NSW is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that Dams Safety NSW is permitted to invest money under that Part, or

(b) if Dams Safety NSW is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Minister with the concurrence of the Treasurer.

s 40: Am 2018 No 70, Sch 3.15.