Victorian Numbered Acts

MELBOURNE STRATEGIC ASSESSMENT (ENVIRONMENT MITIGATION LEVY) ACT 2020 (NO. 1 OF 2020) - SECT 92

In this Part—

"full cost recovery" means that the costs incurred in adopting the measures and carrying out the activities identified under section 94(3)(d) would be met by the total available revenue;

"levy indexation mechanism" means Schedule 2;

"review" means a review of component levy amounts and the levy indexation mechanism;

"total available revenue", in relation to a report under section 94, means—

        (a)     the total amount of money standing to the credit of the Fund as at the date of the report available to be paid out to achieve the conservation outcomes; and

        (b)     an estimate as at the date of the report of future payments into the Fund that will be available to be paid out to achieve the conservation outcomes.