Commonwealth Numbered Acts

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WATER EFFICIENCY LABELLING AND STANDARDS ACT 2005 No. 4, 2005 - SECT 65

Credits to the WELS Account
The following must be credited to the WELS Account:

(a) amounts equal to amounts received by the Commonwealth from the States and Territories for the purposes of the WELS scheme;
(b) amounts equal to amounts received by the Commonwealth in connection with the performance of the Regulator's functions under this Act, the regulations or a corresponding State-Territory law;
(c) amounts equal to income received by the Commonwealth from the investment of money from the Account;
(d) amounts equal to money received by the Commonwealth in relation to property paid for with money from the Account;
(e) amounts equal to amounts of any gifts given or bequests made for the purposes of the Account.

Note: An Appropriation Act provides for amounts to be credited to a Special Account if any of the purposes of the Account is a purpose that is covered by an item in the Appropriation Act.



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