(1) The funds
available to the Tribunal to enable it to perform its functions are —
(a)
moneys from time to time appropriated by Parliament; and
(b)
moneys derived from the performance of its functions; and
(c)
moneys payable in accordance with subsection (4); and
(d)
other moneys made available to the Tribunal or to which it becomes entitled.
(2) The Registrar,
before the end of each financial year, shall —
(a) make
an estimate of the total anticipated cost of the operations of the Tribunal
for the ensuing financial year of the Tribunal; and
(b)
submit that estimate, adjusted in accordance with subsection (3), to the
Minister for approval.
(3) The estimate
submitted under subsection (2)(b) shall be adjusted —
(a) to
include the amount, if any, by which the amount paid by RWWA under subsection
(4) in respect of the previous financial year, fell short of the actual total
cost of the operations of the Tribunal for that financial year; or
(b) to
exclude the amount, if any, by which the amount paid by RWWA under subsection
(4) in respect of the previous financial year, exceeded the actual total cost
of the operations of the Tribunal for that financial year,
as the case requires.
(4) The amount
representing the estimate approved by the Minister under subsection (2) shall
be —
(a)
deducted by RWWA from the moneys that, but for section 106(1)(h) of the RWWA
Act, would otherwise be available to be paid or credited to racing clubs by
RWWA under section 106 of the RWWA Act; and
(b) paid
by RWWA to the Tribunal.
[(5)-(7) deleted]
(8) One or more
accounts are to be established in respect of the funds of the Tribunal —
(a) as
agency special purpose accounts under section 16 of the
Financial Management Act 2006 ; or
(b) with
the approval of the Treasurer, at a bank as defined in section 3 of that Act,
to which all amounts
received by the Tribunal are to be credited and all expenditure charged.
(9) The provisions of
the Financial Management Act 2006 and the Auditor General Act 2006 regulating
the financial administration, audit and reporting of statutory authorities
apply to and in respect of the Tribunal and its operations.
(10) The financial
year of the Tribunal that —
(a)
began on 1 August 2006; and
(b)
would have ended on 31 July 2007 in accordance with this subsection, as in
force immediately before the commencement of the Racing and Wagering
Legislation Amendment Act 2007 section 7,
is to be taken to have
ended on 30 June 2007.
[Section 24 amended: No. 11 of 1992 s. 71; No. 49
of 1996 s. 59; No. 35 of 2003 s. 189; No. 28 of 2006 s. 407; No. 77 of 2006
Sch. 1 cl. 143(2)-(4); No. 2 of 2007 s. 7; No. 37 of 2018 s. 77.]