WATER ACT 2007 - SECT 86AC Credits to the Water for the Environment Special Account

WATER ACT 2007 - SECT 86AC

  (1)   There must be credited to the Water for the Environment Special Account the following amounts:

  (a)   all amounts appropriated by the Parliament for the purposes of that Account;

  (b)   amounts paid by a Basin State, under an agreement between the Commonwealth and the State, for crediting to that Account;

  (c)   amounts received for crediting to that Account by the Commonwealth under any other agreement;

  (d)   amounts equal to money received by the Commonwealth in relation to property paid for with amounts debited from that Account;

  (e)   amounts equal to amounts of any gifts given or bequests made for the purposes of that Account.

Note:   An Appropriation Act provides for amounts to be credited to a special account if any of the purposes of the special account is a purpose that is covered by an item in the Appropriation Act.

  (2)   Amounts equal to money received by the Commonwealth from the disposal of or other dealings with water access rights paid for with amounts debited from the Water for the Environment Special Account are not to be credited to that Account.

Note:   Such amounts are instead credited to the Environmental Water Holdings Special A ccount (see paragraphs 105(2)(a) and 112(1)(b)).