Fisheries Fund
117 Fisheries Fund
The Fisheries Fund (the fund) is continued in existence.
Accounts for the fund must be kept as part of the departmental accounts of the department.
Amounts received for the fund must be deposited in a departmental financial-institution account of the department but may be deposited in an account used for depositing other amounts of the department.
Amounts received for the fund include—
amounts paid to the department as part of the department’s departmental vote under the Financial Accountability Act 2009 and made available by the department for the fund; and
penalties, costs and fees recovered or received by the chief executive; and
amounts received for payment into the fund; and
other amounts recovered or received under this Act if, under a regulation, the amounts must be paid into the fund.
Amounts in the fund must be spent for—
scientific or other research, dissemination of information, or publication of material, for or about fisheries activities; or
other fisheries related activities approved by the chief executive.
In this section—
departmental accounts, of a department, means the accounts of the department under the Financial Accountability Act 2009, section 69.
departmental financial-institution account, of a department, means an account of the department kept under the Financial Accountability Act 2009, section 83.
other amounts, of a department, means amounts received by the department other than amounts received for the fund.
This provision refers to the regulations (a regulation
). Made under this Act:
- Fisheries (General) Regulation 2019
- Fisheries Declaration 2019 · Regulation
- Fisheries Quota Declaration 2019 · Regulation
This Act’s bill:Explanatory memorandum
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