Restorative Project Account
447 Restorative Project Account
S. 447 inserted by No. 39/2018 s. 18 (as amended by Nos 27/2019 ss 32−40, 3/2020 ss 45, 46, 47/2020 s. 27).
Within the Environment Protection Fund, the Authority must establish and maintain an account to be known as the Restorative Project Account.
The Authority must credit to the Restorative Project Account any money paid into the Environment Protection Fund under section 444(f) that specifies that the money is to be paid into the Restorative Project Account.
Money standing to the credit of the Restorative Project Account must be applied by the Authority to enable a person or organisation to carry out—
if the order under section 332 specifies the project for the restoration or enhancement of the environment for which the money is to be applied, that project; or
in any other case, any project for the restoration or enhancement of the environment.
This Act’s bill:Explanatory memorandumSecond reading speech
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