Victorian Consolidated Legislation

Transport Act 1983 - SECT 11

Public Transport Fund

11. Public Transport Fund



(1) There shall be established in the Trust Fund an account to be known as the
"Public Transport Fund".

(2) There shall be paid into the Public Transport Fund-

   (a)  all amounts received under agreements, leases or licences entered into
        by or on behalf of the Crown relating to, or connected with, passenger
        services or other transport services;

   (b)  all amounts allocated to the Crown in accordance with any agreement
        referred to in section 4A(1);

   (c)  any income from the investment of money standing to the credit of the
        Fund and the proceeds of sale of any investment;

   (d)  money appropriated by the Parliament for the purposes of the Fund;

   (e)  any other money directed by the Treasurer to be paid into the Fund.

(3) There shall be paid out of the Public Transport Fund-

   (a)  all amounts payable by or on behalf of the Crown in accordance with
        agreements, leases or licences relating to passenger services or other
        transport services;

   (b)  any other amounts authorised under this or any other Act to be paid
        out of the Fund.





(4) Money standing to the credit of the Public Transport Fund may be invested
in any manner in which trust funds may be invested under the Trustee Act 1958.