24Waste and Resource Recovery Account

24 Waste and Resource Recovery Account

(1)  For the purposes of this Act, an account called the Waste and Resource Recovery Account is established.

(2)  The Account is to be administered by the Secretary.

(3)  The funds contained in the Account may be applied by the following persons for the following purposes:

(a) by the Board, for the purposes of –

(i) implementing the waste strategy that is in effect under section 19(7)(a) ; and

(ii) enabling the Board to perform its functions; and

(iii) meeting all costs and expenses associated with the operation of the Board;

(b) by the Secretary for the purposes of making adjustments in relation to payable levy amounts that have been paid;

(c) by the Secretary in an amount, and for a purpose, as prescribed.

(4)  For the purposes of subsection (3)(a)(iii) , the costs and expenses associated with the operation of the Board are as follows:

(a) remuneration –

(i) of the members of the Board; and

(ii) of the chief executive officer (if appointed) of the Board; and

(iii) as agreed by the Board, of staff appointed, employed or made available under section 17 ;

(b) expenses relating to investments made by the Board;

(c) legal, accounting, advisory and taxation expenses;

(d) consultancy costs;

(e) a cost or expense reasonably incurred by the Board in the exercise of powers or the performance of functions under this Act.