173Purposes of the Offshore Infrastructure Registrar Special Account

173 Purposes of the Offshore Infrastructure Registrar Special Account

The purposes of the Offshore Infrastructure Registrar Special Account are as follows: (a) paying or reimbursing the Commonwealth’s costs associated with the administration of this Act and the applied work health and safety provisions; (b) paying any remuneration or allowances payable to: (i) the Registrar; or (ii) APS employees assisting the Registrar under section 158; or (iii) any consultants engaged under section 157; (c) paying amounts in respects of financial securities to the Regulator under subsection 119(4)(b), for the purposes of applying those amounts to the costs, expenses, liabilities or debts referred to in that paragraph; (d) refunding amounts in respects of financial securities under paragraph 119(4)(c); (e) refunding an amount received by the Commonwealth as mentioned in section 172 and credited to the Account, to the extent that the amount is required or permitted to be refunded: (i) by an order of a court; or (ii) by or under any Act.

Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).