Under this Act the Governor may make regulations establishing a fund for a particular sector of primary industry. Before regulations are made the Minister must consult widely with industry members and give proper consideration to any representations made by industry members. A fund is to consist of (a) contributions paid or collected in accordance with the regulations for the purposes of the fund; and (b) income of the fund from investment; and (c) any other contributions received by the person or body administering the fund for payment into the fund. A Fund is to be administered by the Minister; or an approved society or association in accordance with the rules of the society or association; or a board of trustees. A scheme may be prescribed by regulation requiring or facilitating the payment of contributions to a fund established under the regulations. The Act also establishes requirements for annual reporting, auditing, and obtaining information.
أستراليا · 1998-09-03