Commonwealth Numbered Regulations - Explanatory Statements

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NATIVE TITLE (NATIONAL ABORIGINAL AND TORRES STRAIT ISLANDER LAND FUND) REGULATIONS 1994 NO. 239

Statutory Rules 1994 No. 239

Issued by the Authority of the Minister for Aboriginal and Torres Strait Islander Affairs

Native Title Act 1993

Native Title (National Aboriginal and Torres Strait Islander Land Fund) Regulations

Subsection 201(3) of the Native Title Act 1993 provides that the Governor-General may make regulations for the purpose of the Act.

The purpose of the regulations is to facilitate the Government's decision to allocate money to the National Aboriginal and Torres Strait Islander Land Fund in the 1994-95 financial year.

Regulation 1 is a citation provision.

Regulation 2 provides that the regulations commence on 1 July 1994

Regulation 3 provides that "fund" is to be interpreted as meaning the National Aboriginal and Torres Strait Islander Land Fund unless a contrary intention appears.

Regulation 4 provides that the fund established is a Trust Account for the purposes of Section 62A of the Audit Act 1901.

Regulation 5 provides that money appropriated for the purpose of assisting Aboriginal people and Torres Strait Islanders to purchase and manage land in a way that provides economic, social or cultural benefit is placed in the National Aboriginal and Torres Strait Islander Land Fund.