New South Wales Consolidated Acts

FAIR TRADING ACT 1987 - SECT 79B

79B NSW Consumer Law Fund

(1) There is to be established in the Special Deposits Account a NSW Consumer Law Fund ( "the Fund").

(2) There is payable into the Fund:

(a) any pecuniary penalty ordered by a court under section 224 of the ACL to be paid to the State, and

(b) any amount ordered by a court under section 239 (1) of the ACL to be paid into the Fund, and

(c) the proceeds of the investment of money in the Fund, and

(d) any money directed to be paid into the Fund by or under this or any other Act.

(3) There is payable out of the Fund:

(a) money to non-party consumers in accordance with an order under section 239 (1) of the ACL, and

(b) special purpose grants for improving consumer well-being, consumer protection or fair trading, and

(c) administrative expenses incurred in relation to the Fund, and

(d) money that is directed to be paid from the Fund by or under this or any other Act.

(4) Subject to the regulations, money is to be paid out of the Fund in accordance with the directions of the Minister made on the recommendation of the Director-General.

(5) Any amount ordered by a court under section 239 (1) of the ACL to be paid into the Fund must not be paid out of the Fund except in accordance with the terms of the order.

(6) The Minister may, on the recommendation of the Director-General, invest money in the Fund in such manner as may be authorised by the Public Authorities (Financial Arrangements) Act 1987 .