Commonwealth Consolidated Acts

GREAT BARRIER REEF MARINE PARK ACT 1975 - SECT 39QA

             (1)   For the purposes of the Financial Management and Accountability Act 1997 , a collected amount does not become public money until it is received by the Authority on behalf of the Commonwealth.

             (2)  The Financial Management and Accountability Act 1997 does not apply in relation to:

                     (a)  interest, or other amounts, derived by holders of chargeable permissions from the custody or banking of collected amounts; and

                     (b)  payments covered by subsection 39PA(3).

Note:          One of the effects of this section is that holders of chargeable permissions will not be subject to the Financial Management and Accountability Act 1997 .