New South Wales Consolidated Acts

MINING ACT 1992 - SECT 292Y

292Y Coal Authorities Allocations Fund

(1) There is established in the Special Deposits Account a fund called the Coal Authorities Allocations Fund.

(2) The Coal Authorities Allocations Fund is to be administered by the Secretary.

(3) There is payable into the Coal Authorities Allocations Fund--

(b) mandatory participation charges payable under Schedule 1A, clause 3A, and

(c) amounts of consideration paid under Schedule 1A, clause 5, and

(e) money advanced, if any, by the Treasurer for the Coal Authorities Allocations Fund, and

(f) money appropriated, if any, by Parliament for the purposes of the Coal Authorities Allocations Fund, and

(g) other money directed or authorised to be paid into the Coal Authorities Allocations Fund by or under this or another Act, and

(h) the proceeds from the investment of money in the Coal Authorities Allocations Fund.

(4) There is payable from the Coal Authorities Allocations Fund--

(a) amounts authorised by the Secretary for the purposes of the following--

(i) acquisition of data related to the State's coal resources and the analysis and assessment of the data, including drilling, coal quality analysis, geological mapping, surveying and resource modelling,

(ii) other related activities, if any, prescribed by the regulations related to coal resource data acquisition, analysis and assessment,

(iii) the administration of Parts 3-8, 11, 12A and 18 and Schedules 1A-2 in relation to coal, and

(b) administrative expenses incurred in relation to the Coal Authorities Allocations Fund, including administrative expenses incurred in relation to the collection and recovery of amounts payable into the Coal Authorities Allocations Fund, and

(c) other amounts authorised or required by or under this or another Act to be paid from the Coal Authorities Allocations Fund.

(5) The Minister may invest money in the Coal Authorities Allocations Fund--

(a) if the Department is a GSF agency for the purposes of the Government Sector Finance Act 2018 , Part 6--in a way the Department is permitted to invest money under that Part, or

(b) if the Department is not a GSF agency for the purposes of the Government Sector Finance Act 2018 , Part 6--in a way approved by the Treasurer.

(6) The annual report of the Department must include details of the amounts paid from the Coal Authorities Allocations Fund during the financial year to which the report relates and the purposes for which those payments were made.