LAND ADMINISTRATION ACT 1997 - SECT 8

LAND ADMINISTRATION ACT 1997 - SECT 8

8 .         International Program, powers as to; International Program Trust Account

        (1)         In this section —

        Account means the International Program Trust Account established under subsection (3);

        Program means the International Program established to initiate and advance the provision and sale to the Commonwealth or an external Territory, or to any instrumentality of either, or to any country outside Australia, of land administration expertise.

        (2)         The Minister is to carry out the Program and may for that purpose —

            (a)         invite persons in the private sector within Australia or elsewhere to participate in the establishment, development and completion of international projects for the provision and sale to the Commonwealth or an external Territory, or to an instrumentality of either, or to any country outside Australia, of land administration expertise, and to negotiate and conclude agreements, including joint venture agreements, with those persons for the purpose of that participation; and

            (b)         raise such fees and charges in respect of that provision and sale, and under those agreements, as the Minister considers appropriate.

        (3)         The Minister may, with the prior approval of the Treasurer, establish under section 16 of the Financial Management Act 2006 an agency special purpose account called the International Program Trust Account for the purposes of the Program.

        (4)         There are to be placed to the credit of the Account —

            (a)         moneys generated by the carrying out of the Program, including fees and charges raised under subsection (2)(b); and

            (b)         moneys appropriated by Parliament; and

            (c)         any other moneys lawfully received by, made available to or payable to the Minister in respect of the Program.

        (5)         The funds standing to the credit of the Account are to be applied in payment of —

            (a)         expenditure incurred by the Minister in the carrying out of the Program; and

            (b)         any other expenditure lawfully incurred by the Minister in respect of the Program.

        (6)         The Account is to be operated solely for the purposes of the Program and is to be administered by the Minister.

        (7)         The provisions of the Financial Management Act 2006 and the Auditor General Act 2006 regulating the financial administration, audit and reporting of departments apply to and in relation to the Account.

        (8)         The administration of the Account is for the purposes of section 52 of the Financial Management Act 2006 to be regarded as a service under the control of the department of the Public Service principally assisting in the administration of the Program.

        [Section 8 amended: No. 28 of 2006 s. 376; No. 77 of 2006 Sch. 1 cl. 93(1)-(3).]