reg 4

Grain Industry Research and Development Fund

In force

(1)

The Grain Industry Research and Development Fund (the

Fund) established under the repealed regulations continues in existence.

(2)

The Fund will be administered by the

Minister.

(3)

The Fund consists of—

(a)

the amount held in the Fund at the commencement of these regulations; and

(b)

contributions paid or collected in accordance with the repealed regulations; and

(c)

contributions paid or collected in accordance with these regulations; and

(d)

income of the Fund from investment; and

(e)

any other sums received by the Minister for payment into the

Fund.

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