Victorian Consolidated Legislation

Livestock Disease Control Act 1994 - SECT 71

Cattle Compensation Fund

71. Cattle Compensation Fund



(1) There is continued in the Public Account, as part of the Trust Fund, the
account known as the Cattle Compensation Fund.

(2) There is to be paid into the Fund-

   (a)  all money received by or for the Commissioner of State Revenue as duty
        on statements and approved agents' returns relating to the sale of
        cattle or calves or the carcases of cattle under the Duties Act 2000;

   (b)  the amounts of residual value of cattle received under section 78 in
        respect of which compensation is paid;

   (c)  any money paid by the Commonwealth for or in respect of compensation
        for cattle suffering from disease;

   (d)  all penalties recovered under section 91 relating to offences with
        respect to cattle;

   (e)  all interest earned on money in the Fund.

(3) Money in the Fund may be invested in any manner in which money may be
invested under the Trustee Act 1958 or any other manner that the appropriate
Minister approves.