New South Wales Consolidated Acts

MINING ACT 1992 - SECT 219A

219A Mineral claims district management fund

(1) For each mineral claims district there is to be established a district management fund into which are to be paid:

(a) all levies paid in accordance with a condition referred to in section 175 (2) (h1) in respect of mineral claims granted or renewed over land within the district, and

(b) the proceeds of investment of money in the fund, and

(c) such other money as is required or permitted to be paid into the fund.

(2) Money in any such fund may be used:

(a) for any purpose specified in a condition referred to in section 175 (2) (h1) as a purpose for which levies referred to in that paragraph may be applied, and

(b) to cover the costs of administering the fund.

(3) Money received for payment into a fund established under this section is to be paid into an account kept, for the purposes of the fund, in an authorised deposit-taking institution.

(4) A fund established under this section in relation to a mineral claims district is to be administered by the Director-General.