Victorian Numbered Acts

MELBOURNE STRATEGIC ASSESSMENT (ENVIRONMENT MITIGATION LEVY) ACT 2020 (NO. 1 OF 2020) - SECT 89

    (1)     There must be established in the Public Account as part of the Trust Fund an account to be known as the Melbourne Strategic Assessment Fund.

    (2)     There must be paid into the Fund—

        (a)     all money received by the Secretary as payment of the levy; and

        (b)     interest paid on outstanding amounts of the levy; and

        (c)     interest received from the investment of money in the Fund; and

        (d)     all money directed or authorised to be paid into the Fund by or under any other Act; and

        (e)     money paid by persons to the State in compliance with the 2010 Commonwealth approval.

    (3)     In addition, any money standing to the credit of the Fund may be invested in any securities that are approved by the Treasurer and any interest derived from any such investment must be paid into the Fund.