Part 10Retail Leases Fund

Part 10—Retail Leases Fund 70—The Fund (1) The Retail Shop Leases Fund is established. (2) The Fund is to be kept and administered by the Commission. (3) The Fund consists of the amounts received by the Commission by way of security bonds, and other amounts paid into the Fund under this Act. (4) The Fund may be invested as approved by the Minister. (5) The Commission will make repayments in respect of security bonds from the Fund. 71—Application of income The income derived from investment of the Fund may be applied, to the extent determined by the Minister— (a) towards the costs of the administration of this Act; and (b) towards the cost of mediating disputes under this Act; and (c) towards the costs of the Magistrates Court in the exercise of its jurisdiction under this Act; and (d) for the education of lessors and lessees about their statutory and contractual rights and obligations; and (e) towards programmes designed to improve the management of business in this State; and (f) for the benefit of lessors and lessees in other ways approved by the Minister. 72—Accounts and audit (1) The Commission must keep proper accounts of the receipts and payments from the Fund. (2) The Auditor-General may at any time, and must at least once in each year, audit the accounts of the Fund.