New South Wales Consolidated Acts

SYDNEY WATER CATCHMENT MANAGEMENT ACT 1998 - SECT 24C

24C Payments out of Fund

Money in the Fund may be applied for any or all of the following purposes:

(a) capital and recurrent expenditure in relation to the SCA’s works,

(b) carrying out and giving effect to plans of management in accordance with section 50 (including payment of money to the Director-General of the Department of Environment and Climate Change in that connection),

(c) acquiring land (including an interest in land) as referred to in section 60,

(d) the provision of financial assistance for the purpose of funding catchment management activities carried out by other persons and bodies, including local councils, but only if those activities are consistent with the SCA’s objectives,

(e) payment of any dividends, tax-equivalents or guarantee fees referred to in section 34 (2) (b), and any dividends of the kind referred to in section 59B of the Public Finance and Audit Act 1983 ,

(f) the costs incurred by the SCA in maintaining the Fund,

(g) any other costs and expenses incurred by the SCA in connection with the exercise of its functions.