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BALLAST WATER RESEARCH AND DEVELOPMENT FUNDING LEVY COLLECTION ACT 1998No. 38, 1998 - SECT 11

Establishment of Reserve (1) There is established a Strategic Ballast Water Research and Development Reserve.

(2) The purpose of the Reserve is to provide funding for the Strategic Ballast Water Research and Development Program.

(3) The Reserve is a component of the Reserved Money Fund.

(4) If interest is received by the Commonwealth from the investment of money from the Reserve, an amount equal to the interest must be transferred to the Reserve from the Consolidated Revenue Fund.



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