South Australian Consolidated Acts South Australian Consolidated Acts (1) The
General Reserves Trust Fund is established.
(2) The fund is under
the management and control of the General Reserves Trust.
(3) The fund consists
of—
(a)
money provided by Parliament for the purposes of the fund; and
(b) fees
paid for entrance to reserves in relation to which the General Reserves Trust
has been established (the Trust's reserves); and
(c)
money that is payable pursuant to a lease, licence or other agreement entered
into by the Minister or Director under section 35 in relation to a
reserve for which the General Reserve Trust is responsible that the Minister
or Director has directed be paid into the fund; and
(d) fees
or other money not referred to in paragraph (c) paid for—
(i)
the use of the Trust's reserves; or
(ii)
the use of facilities or services provided on the Trust's
reserves; and
(e)
money borrowed by the Trust with the approval of the Treasurer for the
purposes of the fund; and
(f) any
donation or grant made for the purposes of the fund; and
(g)
interest and accretions arising from investment of the fund.
(4) The Trust may
apply the fund—
(a) for
or in relation to the development and management of one or more of its
reserves; and
(b) in
repayment of money borrowed by the Trust for the purposes of the fund and
interest payable in respect of that money; and
(c) for
or in relation to the management and control of the fund.