(1) There is to be an
account called the “Perry Lakes Trust Fund” held as part of the
Trust Fund constituted under the Financial Administration and Audit
Act 1985 section 9.
(2) The Planning
Minister must control and administer the Fund.
(3) For the purposes
of the Financial Administration and Audit Act 1985 section 52, the
administration of the Fund is to be regarded as a service of the department of
the Public Service that principally assists the Planning Minister to
administer the Town Planning and Development Act 1928 .