Div 2South Australian Heritage Fund

Division 2—South Australian Heritage Fund 10—South Australian Heritage Fund (1) The State Heritage Fund continues in existence as the South Australian Heritage Fund. (2) The Fund consists of— (a) any money appropriated by Parliament for the purposes of the Fund; and (b) any money provided by the Government of the Commonwealth for the purposes of this Act; and (c) any money received by the Council for the purposes of this Act by way of fees, gift, bequest or in any other way; and (d) any money received by the Minister for the purposes of this Act by way of gift, bequest or in any other way; and (e) any income derived from investment of the Fund; and (f) any other money that is required or authorised by or under this Act to be paid into the Fund. (3) The Minister may invest money standing to the credit of the Fund that is not immediately required for the purposes of this Act in such manner as may be approved by the Treasurer. (4) The Minister may, with the consent of the Treasurer, borrow money for the purposes of the Fund. (5) A liability incurred with the consent of the Treasurer under subsection (4) is guaranteed by the Treasurer. 11—Accounts and audit (1) The Minister must cause proper accounts to be kept of the receipts and payments from the Fund. (2) The Auditor-General may at any time, and must at least once in each year, audit the accounts of the Fund. 12—Application of money from Fund (1) The Minister may apply money from the Fund in furtherance of the objects of this Act. (2) The Minister must, in relation to the management and application of the Fund, seek and consider any advice (provided from a strategic perspective) from the Council.