Tobacco Act 1987

There shall be established in the Public Account as part of the Trust Fund an account to be known as the Victorian Health Promotion Fund.

The Fund shall be administered by the Foundation.

All money received by the Foundation must be paid into the Fund.

There shall be paid out of the Consolidated Fund (which is to the necessary extent appropriated accordingly) into the Victorian Health Promotion Fund, in respect of the financial year commencing on 1 July 1997, an amount of $21 395 000 in such instalments and at such times as are determined by the Treasurer.

There shall be paid out of the Fund in accordance with the budget of the Foundation—

amounts determined by the Foundation for payment to sporting bodies; and

amounts determined by the Foundation for payment to bodies for the purpose of health promotion; and

other amounts by way of grant or loan or financial accommodation for payment in accordance with this Act to persons or bodies determined by the Foundation; and

the cost and expenses incurred by the Foundation under this Act; and

amounts determined by the Minister for payment to a body or bodies specified by the Minister for the purpose of medical research related to the prevention and treatment of illness; and

any other money authorised under this or any other Act to be paid out of the Fund.

The Foundation may, with the approval of the Minister administering Part 7 of the Financial Management Act 1994, maintain an account or accounts with an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth.

An amount paid to a body out of the Fund under subsection (4) (except paragraph (d)) must be presented or otherwise delivered to the body by the Chairperson or the chief executive officer or by a member of the Foundation (other than a member appointed under section 21(1)(f)) nominated by the Chairperson for that purpose and must be made only in the name of the Foundation.