295ZAEnvironmental Monitoring Fund

295ZA Environmental Monitoring Fund

295ZA Environmental Monitoring Fund

(1) There is to be established in the Special Deposits Account an account called the Environmental Monitoring Fund (the Fund).

(2) Money in the Fund is under the control of the EPA and can be expended by the EPA only for the purposes authorised by this section.

(3) The following are to be paid into the Fund—

(a) any environmental monitoring levy paid by a licence holder,

(b) money advanced by the Treasurer for payment into the Fund,

(c) the proceeds of investment of money in the Fund,

(d) any gift or bequest of money for the purposes of the Fund,

(e) any other money appropriated by Parliament for the purposes of the Fund or required by law to be paid into the Fund.

(4) The following are to be paid out of the Fund—

(a) the costs of environmental monitoring programs,

(b) such other costs relating to environmental monitoring programs as the EPA directs to be paid out of the Fund,

(c) the refund, in accordance with the regulations, of an environmental monitoring levy paid by a licence holder.

(5) A separate account is to be established in the Fund for each environmental monitoring program.

(6) The EPA may invest money in the Fund—

(a) if the EPA is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the EPA is permitted to invest money under that Part, or

(b) if the EPA is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.

s 295ZA: Ins 2010 (85), Sch 1 [3]. Am 2018 No 70, Sch 3.52.