South Australian Numbered Acts

HARBORS AND NAVIGATION (MISCELLANEOUS) AMENDMENT ACT 2009 (NO 42 OF 2009) - SECT 6

6—Insertion of section 90A

After section 90 insert:

90A—Facilities Fund

        (1)         The Facilities Fund is established.

        (2)         The Fund must be kept as directed by the Treasurer.

        (3)         The Fund is to consist of—

            (a)         facilities levies payable under the regulations on the registration, inspection or survey of vessels; and

            (b)         income from investment of money belonging to the Fund.

        (4)         A certificate of registration, inspection or survey will not be issued for a vessel until any levy payable on the registration, inspection or survey is paid.

        (5)         The Minister may, with the approval of the Treasurer, invest any of the money belonging to the Fund that is not immediately required for the purposes of the Fund in such manner as is approved by the Treasurer.

        (6)         The Fund may be applied by the Minister towards—

            (a)         establishing, maintaining and improving facilities for use in connection with vessels; and

            (b)         the payment of expenses of administering the Fund.