1Northern Territory (Administration) Act 1952

NORTHERN TERRITORY (ADMINISTRATION).

No. 71 of 1952.

An Act to amend the Northern Territory (Administration) Act 1910–1949.

[Assented to 1st November, 1952.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Northern Territory (Administration) Act 1952.

(2.) The Northern Territory (Administration) Act 1910–1949, as amended by this Act, may be cited as the Northern Territory (Administration) Act 1910–1952.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

3. After section twenty of the Northern Territory (Administration) Act 1910–1949 the following section is inserted:—

Establishment of Aboriginals (Benefits from Mining) Trust Fund.

“21.—(1.) There shall be established an Aboriginals (Benefits from Mining) Trust Fund (in this section referred to as ‘the Fund’), which shall be a trust account within the meaning of section sixty-two a of the Audit Act 1901–1950.

“(2.) There shall be paid into the Fund, out of the Consolidated Revenue Fund, which is appropriated accordingly, amounts equal to the amounts from time to time received by or on behalf of the Commonwealth as royalties under any provisions of a law of the Territory relating to mining on aboriginal reserves or on lands which have been included in aboriginal reserves.

“(3.) There shall be paid out of the Fund such amounts as the Minister directs or approves, and amounts so paid out of the Fund shall be paid or applied, as the Minister directs or approves, to or for the benefit of aboriginals or aboriginal institutions.

“(4.) Interest received from the investment of moneys standing to the credit of the Fund forms part of the Fund.”.