Document ID: chunk:federal_register_of_legislation:C2013C00589:clause:1_11
Version: federal_register_of_legislation:C2013C00589
Segment Type: clause
Provision Reference: sch 1 cl 11
Character Range: 88142–89978

11  Natural Resources Management Account
 (1) There is continued in existence the Natural Resources Management Account.
Note: The Account was established by subsection 5(3) of the Financial Management Legislation Amendment Act 1999.
 (2) The Account is a Special Account for the purposes of the Financial Management and Accountability Act 1997.
 (3) If interest is received by the Commonwealth from the investment of an amount standing to the credit of the Account, an amount equal to the interest must be credited to the Account.
 (4) There must be credited to the Account amounts equal to the following:
 (a) amounts, being gifts or bequests, given or made for the purposes of the Account;
 (b) amounts paid or repaid to the Commonwealth in accordance with:
 (i) an agreement under section 6 of the Soil Conservation (Financial Assistance) Act 1985 that has effect under section 25; or
 (ii) an agreement under section 6;
 (c) amounts received by the Commonwealth from the disposal of property or interests acquired by the Commonwealth in accordance with an agreement under section 6.
Note: An Appropriation Act provides for amounts to be credited to a Special Account if any of the purposes of the Account is a purpose that is covered by an item in the Appropriation Act.
 (5) Amounts are to be debited from the Account for the following purposes:
 (a) making payments (including advances) in accordance with:
 (i) an agreement under section 6 of the Soil Conservation (Financial Assistance) Act 1985 that has effect under section 25; or
 (ii) an agreement under section 6;
 (b) making payments in respect of the expenses incurred by the Council in the performance of its functions;
 (c) making payments in respect of other costs of administration of this Act that the Minister considers appropriate to be debited from the Account.