Document ID: chunk:federal_register_of_legislation:C2007C00134:clause:2_45
Version: federal_register_of_legislation:C2007C00134
Segment Type: clause
Provision Reference: sch 2 cl 45
Character Range: 229173–231041

45  Therapeutic Goods Administration Reserve

 (1) This subsection establishes a reserve called the Therapeutic Goods Administration Reserve.

 (2) The Reserve is a component of the Reserved Money Fund.

 (3) Money standing to the credit of the Therapeutic Goods Administration Trust Account immediately before the commencement of the Audit (Transitional and Miscellaneous) Amendment Act 1997 must be transferred to the Reserve.

 (4) There must be transferred to the Reserve from the Consolidated Revenue Fund:
 (a) money appropriated by the Parliament for the purposes of the Reserve; and
 (b) amounts equal to amounts received by the Commonwealth by way of annual registration charge, annual listing charge and annual licensing charge; and
 (c) amounts equal to interest received by the Commonwealth from the investment of money from the Reserve; and
 (d) amounts equal to money received by the Commonwealth in relation to property paid for with money from the Reserve; and
 (e) amounts equal to money received by the Commonwealth for services provided or to be provided, by or on behalf of the Commonwealth, using money from the Reserve (including amounts received by way of fees payable under the regulations); and
 (f) amounts equal to donations for the furtherance of a purpose of the Reserve that are received by the Commonwealth; and
 (g) amounts equal to receipts relating to the recovery of debts (other than debts in respect of statutory fines and penalties) by the Commonwealth that are associated with expenditure of money from the Reserve.

 (5) The purposes of the Reserve are to make payments:
 (a) to further the objects of this Act (as set out in section 4); and
 (b) to enable the Commonwealth to participate in the international harmonisation of regulatory controls on therapeutic goods and other related activities.

Tobacco Marketing Act 1965