7Payments out of Fund

7 Payments out of Fund

7 Payments out of Fund

(1) The following is to be paid from the Fund—

(a) all payments required to meet expenditure incurred by the Department in carrying out regulatory activities under or in connection with the mine and petroleum site safety legislation,

(b) all other amounts required to meet expenditure incurred by the Department in the administration or execution of the mine and petroleum site safety legislation,

(c) any money required to reimburse the State Insurance Regulatory Authority for expenses incurred by it in connection with its functions under this Act,

(d) any money required to meet administrative expenses in relation to the Fund,

(e) all other money directed or authorised to be paid from the Fund by this Act or by the regulations under this Act.

(2) The assets of the Fund cannot be applied for the purpose of enabling any payment as a dividend to the credit of the Consolidated Fund nor can they be applied for any purpose by any other Act.

s 7: Am 2015 No 19, Sch 15.9 [2]; 2015 No 43, Sch 3 [5].