South Australian Consolidated Acts South Australian Consolidated Acts9—Pastoral Land Management Fund
(1) The Minister must
establish a fund to be entitled the Pastoral Land Management Fund (in this
section referred to as "the Fund ).
(2) The Fund will
consist of—
(a) if
the amount received in a particular year by way of rent paid under
pastoral leases exceeds the administrative costs attributable to administering
those leases for that year—a prescribed percentage (being not less than
5 per cent or more than 15 per cent) of the excess; and
(b) any
money provided by Parliament for the purposes of the Fund; and
(c) any
money paid into the Fund pursuant to any other Act; and
(d) any
accretions arising out of investment of the money of the Fund.
(3) The amount to be
paid into the Fund in respect of a particular year pursuant to
subsection (2)(a) must be paid into the Fund no later than 30 June of the
next ensuing year.
(4) The money in the
Fund may be invested in such manner as the Minister thinks fit.
(5) The Fund must be
applied in such manner as the Minister, on the recommendation of the Board,
thinks fit for the following purposes and in the following order of priority:
(a)
research into techniques for pastoral land management, for prevention or
minimisation of pastoral land degradation and for rehabilitation of degraded
pastoral land;
(b) the
publication of research findings and dissemination of information relating to
those techniques;
(e)
experimentation with and practical development of those techniques;
(d) such
other projects relating to the management and conservation of pastoral land as
the Minister thinks fit.