Gene Technology Act 2000
130Credits to Account
Start here
Get a plain-English read of 130
Turn the raw legal text into a practical explanation grounded in Gene Technology Act 2000.
130 Credits to Account
(1) There must be credited to the Account the following: (b) amounts equal to money from time to time received by the Commonwealth under the Gene Technology (Licence Charges) Act 2000; (c) amounts equal to fees received by the Commonwealth under subsections 40(6) and 83(3); (d) amounts equal to amounts received by the Commonwealth in connection with the performance of the Regulator’s functions under this Act, the regulations or a corresponding State law; (e) amounts equal to interest received by the Commonwealth from the investment of amounts standing to the credit of the Account; (f) amounts equal to money received by the Commonwealth in relation to property paid for with amounts standing to the credit of the Account; (g) amounts equal to amounts recovered by the Commonwealth under subsection 146(5) or 158(4), to the extent that they are referable to amounts debited from the Account; (h) amounts equal to amounts of any gifts given or bequests made for the purposes of the Account.
Note: An Appropriation Act provides for amounts to be credited to a special account if any of the purposes of the special account is a purpose that is covered by an item in the Appropriation Act.
(2) The purposes of the Account are to make payments: (a) to further the object of this Act (as set out in section 3); and (b) otherwise in connection with the performance of the Regulator’s functions under this Act, the regulations or a corresponding State law.