Fisheries Management Act 2007

The Fisheries Research and Development Fund continues in existence.

The Fund will continue to be kept in a separate account at the

The Fund consists of—

money in the Fund immediately before the commencement of this Act;

money provided by Parliament for the purposes of the Fund;

grants, gifts and bequests made to the Minister for payment into the Fund; and

voluntary payments from persons and organisations involved in the fishing industry; and

fees, levies and charges paid under this Act; and

income arising from investment of the Fund; and

all other money that is required or authorised by or under this Act or another law to be paid into the Fund.

Money in the Fund that is not for the time being required for the purposes of this Act may be invested by the Minister with the approval of the

The Minister may apply a part of the Fund—

in making a refund required or authorised by this Act to be made;

in payment of a reward under section 123; and

in payment of compensation payable to any person under this Act;

in payment of the costs of—

projects relating to the management of aquatic resources;

research or development relating to the fishing industry;

in making any other payment required by this Act or another law to be made from the Fund; and

in payment of expenses of administering the Fund; and

in defraying the costs of administering and enforcing this