(1)  There is established a fund to be known as the Aboriginal Land Council of Tasmania Fund.

(2)  The Fund consists of –

(a) money derived by the Council from leases and licences issued under this Act in respect of any Aboriginal land; and

(b) money provided by the Parliament of the Commonwealth or the State for the purposes of the Council; and

(c) other money received from any other source by the Council.

(3)  The Fund is to be administered by the Council.