New South Wales Consolidated Acts

RETAIL LEASES ACT 1994 - SECT 16V

16V Retail Leases Security Bonds Interest Account

(1) There is to be paid into the Interest Account all interest received on investments of money in the Trust Account.

(2) There is payable from the Interest Account:

(a) the costs of, or the expenses incurred in, the administration of this Act, and

(b) any other payments authorised by or under this or any other Act to be made from that account.

(3) There is payable from the Interest Account such contributions as are agreed annually by the Minister and the Treasurer for payment to the Consolidated Fund.

(4) Contributions referred to in subsection (3) are to be paid in the manner determined by the Treasurer.

(5) There may be paid from the Interest Account all amounts payable because of the operation of section 16M.