(1) The Association
shall establish and maintain a fund to be called the Western Australian
Greyhound Racing Association Fund.
(2) There shall be
paid to the credit of the Fund —
[(a) deleted]
(b) all
moneys that are received by the Association under this Act or are directed or
authorised to be paid to the Association by or under any other Act; and
(c) any
moneys borrowed by the Association.
(3) The Association
may, with the approval of the Minister, borrow moneys on such terms and
conditions as the Minister approves.
(4) All expenses,
including —
(a) the
repayment of moneys borrowed by the Association and the payment of interest
thereon; and
(b) the
payment of members of the board, stewards and other officers and employees, of
the Association,
incurred by the
Association in the exercise of or discharge of its powers, functions and
duties under this Act, shall be paid out of the Fund.
[Section 16 amended: No. 23 of 1998 s. 9, 16(1)
and 17(1); No. 35 of 2003 s. 209 and 218.]
[ 17. Deleted: No. 35 of 2003 s. 210.]