(1)  For the purposes of this Act, a fund called the Threatened Species Fund is established as an account in the Public Account or, if the Treasurer so directs, as more than one account in the Public Account, for specific matters relating to the conservation of native flora and fauna.

(2)  The Fund consists of –

(a) all fines paid to the Fund in respect of offences under this Act; and

(b) any amount paid to the Secretary, or the value of anything forfeited to the Secretary, as a result of the exercise of the power of seizure under section 48 (2) ; and

(c) any money appropriated by Parliament for the purposes of the Fund; and

(d) any money received by way of grant, gift or bequest for the purposes of the Fund; and

(e) any income from investment of money belonging to the Fund; and

(f) any money received from any other source.

(3)  The Fund may be applied by the Secretary–

(a) in making payments for or towards the cost of any action taken to deal with an emergency in the conservation of native flora or fauna or the effects of any such emergency; and

(b) for the purposes of education and training programs in relation to the conservation of native flora and fauna; and

(c) for the purposes of any investigations, research, pilot programs and other projects relating to the conservation of native flora and fauna; and

(d) in making grants to assist in the conservation of native flora and fauna–

but must otherwise be applied in the administration of this Act.