Part 6Hydrogen and Renewable Energy Fund

Part 6—Hydrogen and Renewable Energy Fund 82—Hydrogen and Renewable Energy Fund (1) The Minister must establish and maintain a fund to be called the Hydrogen and Renewable Energy Fund. (2) The Fund will consist of— (a) penalties paid in respect of offences against this Act; and (b) expiation fees paid under this Act; and (c) any income arising from the investment of money from the Fund by the Minister; and (d) any money appropriated by Parliament for the purposes of the Fund; and (e) any other money required to be paid into the Fund under this or any other Act. (3) Any money in the Fund that is not for the time being required for the purposes of the Fund may be invested by the Minister in any manner that the Minister thinks fit. (4) The Minister may apply any part of the Fund for 1 or any of the following purposes: (a) the promotion of research into methods of engineering and practice by which environmental damage or impairment resulting from authorised operations may be reduced; (b) for purposes related to the protection and preservation of native title and Aboriginal heritage; (c) providing for any matter that will further the objects of this Act; (d) to fund other programs, or to achieve other outcomes, prescribed by the regulations; (e) to provide for the costs of administering the Fund.