South Australian Current Regulations

PRIMARY INDUSTRY FUNDING SCHEMES (CATTLE INDUSTRY FUND) REGULATIONS 2015 - REG 5

5—South Australian Cattle Industry Fund

        (1)         The South Australian Cattle Industry Fund (the "Fund"), established under the revoked regulations, continues.

        (2)         The Fund will be administered by the Minister.

        (3)         The Fund consists of—

            (a)         the amount in the Cattle Compensation Fund on the repeal of the Cattle Compensation Act 1939 paid into the Fund under the revoked Livestock Regulations 1998 ; and

            (b)         contributions paid or collected in accordance with these regulations; and

            (c)         the net proceeds of sales paid into the Fund under Part 3; and

            (d)         income of the Fund from investment; and

            (e)         any other money received by the Minister for payment into the Fund.

        (4)         In this regulation—

"revoked regulations" means the Primary Industry Funding Schemes (Cattle Industry Fund) Regulations 2000 .