Chemistry Centre (WA) Act 2007

Money received by the Chemistry Centre is to be credited to, and money paid by the Chemistry Centre is to be debited to, an account called the “Chemistry Centre (WA) Account”, which is to be established —

as an agency special purpose account under the Financial Management Act 2006 section 16; or

with the approval of the Treasurer, at a bank as defined in section 3 of that Act.

The Minister may —

with the concurrence of the Treasurer, fix an amount that the Chemistry Centre is required to pay to the Treasurer by way of financial return to the State; and

under section 22, direct the Chemistry Centre to make the payment.

The amount fixed under subsection (2) is limited to the amount of the Chemistry Centre’s profits.