Document ID: chunk:federal_register_of_legislation:C2006A00062:clause:1_10a
Version: federal_register_of_legislation:C2006A00062
Segment Type: clause
Provision Reference: sch 1 cl 10A
Character Range: 4217–5653

10A  Payments to PHA from EPPR levies and charges

(1)  This section applies in relation to a plant product (an EPPR plant product) on which EPPR levy or charge has been imposed.

Commonwealth obligation to pay PHA

 (2) The Commonwealth must pay to PHA amounts equal to the following:
 (a) EPPR levy or charge receipts from the EPPR plant product;
 (b) EPPR penalty receipts from the EPPR plant product.

Payment conditions

 (3) Payments under subsection (2) in relation to the EPPR plant product are made subject to the following conditions:
 (a) PHA must hold the amounts in the EPPR fund for the plant product;
 (b) PHA must apply the fund as required by section 10C;
 (c) PHA must not apply the fund to make payments otherwise than:
 (i) as required by section 10C; or
 (ii) to make an investment in accordance with section 10D.

Note: If PHA contravenes a condition in relation to a payment under this section, it may be required to make a payment under section 10G.

EPPR fund

 (4) The EPPR fund for the EPPR plant product consists of the following (and nothing else):
 (a) payments under subsection (2) in relation to the plant product;
 (b) investments of fund money, made in accordance with section 10D;
 (c) income (for example, interest) earned on those investments;
 (d) the proceeds of the realisation of those investments;
 (e) payments made into the fund in accordance with a requirement under subsection 10G(2).