Mining Act 1992

There is to be established in the Special Deposits Account a fund called the Small-Scale Titles Levy Fund.

The Small-Scale Titles Levy Fund is to be administered by the Secretary.

There is payable into the Small-Scale Titles Levy Fund—

small-scale title levies payable under Part 14AA of this Act, and

all money directed or authorised to be paid into the Small-Scale Titles Levy Fund by or under this or any other Act, and

the proceeds from the investment of money in the Small-Scale Titles Levy Fund.

There is payable from the Small-Scale Titles Levy Fund—

such amounts as the Secretary allocates under section 292SD, and

administrative expenses incurred in relation to the Small-Scale Titles Levy Fund, and

administrative expenses incurred in relation to the collection and recovery of amounts payable into the Small-Scale Titles Levy Fund, and

any refund required under this Act of an amount paid as a small-scale title levy.

The Small-Scale Titles Levy Fund is to be divided into separate accounts in respect of levies collected for different purposes referred to in section 292SA to ensure that, as far as is practicable, money collected by way of a levy is used for the purposes for which the levy was imposed.

The Secretary may invest money in the Small-Scale Titles Levy Fund—

if the Department is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the Department is permitted to invest money under that Part, or

if the Department is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.

The annual report of the Department is to include details of the amounts paid from the Small-Scale Titles Levy Fund during the financial year to which the report relates and the purposes for which those payments were made.