Northern Territory Consolidated Acts

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PETROLEUM PRODUCTS SUBSIDY ACT - SECT 4

Financial provisions

    (1)     The Treasurer shall establish and keep as part of the Trust Fund of the Territory a trust account to be called the "Commonwealth Petroleum Products Subsidies Account".

    (2)     There shall be credited to the trust account all monies received by the Territory:

        (a)     from the Commonwealth by way of financial assistance under the Commonwealth Act; and

        (b)     otherwise in pursuance of this Act.

    (3)     There shall be debited to the trust account all moneys paid to registered distributors of eligible petroleum products pursuant to this Act and all moneys, if any, repayable by the Territory to the Commonwealth.



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