South Australian Numbered Acts

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ADELAIDE PARK LANDS ACT 2005 (NO 69 OF 2005) - SECT 22

22—Adelaide Park Lands Fund

        (1)         The Authority must establish and maintain a fund to be called the Adelaide Park Lands Fund .

        (2)         The Fund will consist of—

            (a)         any money paid to the credit of the Fund by the Crown, a State authority or the Adelaide City Council; and

            (b)         grants, gifts and loans made to the Adelaide City Council or to the Authority for payment into the Fund; and

            (c)         any income arising from the investment of the Fund under subsection (3); and

            (d)         all other money required to be paid into the Fund under any other Act or law.

        (3)         Any money in the Fund that is not for the time being required for the purposes of the Fund may be invested by the Authority after consultation with the Adelaide City Council.

        (4)         The Authority may apply any part of the Fund

            (a)         towards increasing or improving the use or enjoyment of the Adelaide Park Lands for the public benefit; or

            (b)         towards increasing or achieving the beautification or rehabilitation of any part of the Adelaide Park Lands; or

            (c)         towards promoting or increasing the status of the Adelaide Park Lands; or

            (d)         in providing for, or supporting, research into any matter relevant to status, use or management of the Adelaide Park Lands; or

            (e)         in supporting the improved management of the Adelaide Park Lands; or

            (f)         in providing for any other matter that will further the objects of this Act; or

            (g)         in providing for the operational costs or expenses of the Authority; or

            (h)         in making any payment required or authorised by or under this or any other Act or law.



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