79ASheep and Goat Compensation Fund

79A Sheep and Goat Compensation Fund

(1) There is established in the Public Account, as part of the Trust Fund, an account known as the Sheep and Goat Compensation Fund.

S. 79A(2)(a) amended by No. 84/2008 s. 24.

(a) all money received by or for the Commissioner of State Revenue as duty on statements and approved agents' returns relating to the sale of sheep or goats or the carcases of sheep or goats under the Duties Act 2000;

S. 79A(2)(ab) inserted by No. 69/2011 s. 43.

(ab) all money received by or for the Commissioner of State Revenue as interest or penalty tax in respect of the whole or part of duty on statements and approved agents' returns relating to the sale of sheep or goats or the carcases of sheep or goats under the Duties Act 2000;

(b) the amounts of residual value of sheep or goats sold under section 79H in respect of which compensation is paid;

(c) any money paid by the Commonwealth for or in respect of compensation for sheep or goats suffering from disease;

(d) all penalties recovered under section 91 relating to offences with respect to sheep or goats;

(e) all interest earned on money in the Fund.

(3) Money in the Fund may be invested in any manner in which money may be invested under the Trustee Act 1958 or any other manner that the appropriate Minister approves.

S. 79B inserted by No. 25/1997 s. 6.