448Municipal and Industrial Waste Levy Trust Account

448 Municipal and Industrial Waste Levy Trust Account S. 448(1) amended by No. 41/2025 s. 4(Sch. 2 item 12.2). (1) The Department of Energy, Environment and Climate Action must establish and maintain an account to be known as the Municipal and Industrial Waste Levy Trust Account. (2) The Authority must credit to the Municipal and Industrial Waste Levy Trust Account any amount standing to the credit of the General Waste Levy Account at the end of each quarter by the 15th day of the following quarter. S. 448(3) amended by No. 36/2022 s. 72(1). (3) There may be paid out of the Municipal and Industrial Waste Levy Trust Account an amount to one or more of the following— (a) the Authority; (b) Sustainability Victoria; S. 448(3)(c) repealed by No. 55/2021 s. 209. S. 448(3)(ca) inserted by No. 36/2022 s. 72(2). (ca) the Head, Recycling Victoria; (d) a public entity or other body if— (i) that body is established for a public purpose; and (ii) the amount is paid out for the purposes of environmental assessment, environmental protection, environmental restoration or environmental improvement. (4) Any amount paid out under subsection (3) must be paid out in accordance with a determination made under subsection (5). (5) The Minister must make a determination specifying— S. 448(5)(a) amended by No. 36/2022 s. 72(3). (a) an amount to be paid to one or more of the person or bodies referred to in subsection (3) or the methods by which the amount to be paid is to be calculated; and (b) the times at which the amount must be paid; and (c) the period for which the determination applies. (6) This section does not affect the operation of section 445(2). S. 449 inserted by No. 39/2018 s. 18 (as amended by Nos 27/2019 ss 32−40, 3/2020 ss 45, 46, 47/2020 s. 27).