(1) An agency special
purpose account called the Petroleum and Geothermal Energy Safety Levies
Account (the Account ) is to be established for the department under the
Financial Management Act 2006 section 16.
(2) The Account must
be credited with the following —
(a) any
safety levy paid or recovered;
(b) any
penalty amount paid or recovered.
(3) Moneys held in the
Account must be applied in payment of the costs and expenses incurred in the
administration and enforcement of these enactments —
(a) this
Act;
(b) the
Work Health and Safety Act 2020 in relation to petroleum operations and
geothermal energy operations.
[(c), (d) deleted]
[Section 21 amended: No. 19 of 2012 s. 11; No. 36
of 2020 s. 321.]