Victorian Current Acts

WATER ACT 1989 - SECT 33DO

    (1)     There is established in the Trust Fund an account known as the "Water Holder Trust Account".

    (2)     There may be paid into the Water Holder Trust Account the following—

        (a)     money donated to the Water Holder;

        (b)     money paid to the Water Holder by another person, including the Commonwealth Environmental Water Holder, pursuant to an agreement with that person;

        (c)     any other money received by, or on behalf of, the Water Holder in the performance of its functions, powers and duties.

    (3)     There must not be paid out of the Water Holder Trust Account any money except for—

        (a)     the purpose of meeting the objectives of the Water Holder; or

Note

The objectives of the Water Holder are set out in section 33DC.

        (b)     if the money was received by way of donation, a purpose that is consistent with the purpose for which the money was donated.

S. 33DP inserted by No. 50/2010 s. 4.