151BRecreational Fishing Licence Trust Account

151B Recreational Fishing Licence Trust Account (1) The Minister is to establish a trust account to be called the Recreational Fishing Licence Trust Account. (2) Into the Account must be paid— S. 151B(2)(a) amended by No. 64/2013 s. 11(2). (a) the levies and application fees received in respect of recreational fishery licences under this Act; (b) income from the investment of the Trust Account; (c) all other money authorised to be paid to the Trust Account by the Minister. (3) The following may be paid out of the Account— (a) amounts determined by the Minister for the purpose of improving recreational fishing; S. 151B(3)(b) amended by Nos 35/2009 s. 43, 64/2013 s. 11(2). (b) the costs and expenses incurred in the administration of recreational fishery licences and the Account. (4) The Minister must cause a report on how amounts paid into the Account were disbursed— (a) to be prepared by 1 October each year; and (b) to be laid before each House of Parliament on or before the 7th sitting day of that House after the report has been prepared. (5) The Minister may invest money standing to the credit of the Account in any manner in which trust funds may be invested under the **Trustee Act 1958**. S. 151C inserted by No. 80/2000 s. 19, repealed by No. 35/2009 s. 44. Division 3—Fisheries notices and regulations