(1) The General
Reserves Trust Fund continues in existence as the General Reserves Fund.
(2) The fund is under
the management and control of the Minister.
(3) The fund consists
of—
(a)
money provided by Parliament for the purposes of the fund; and
(b) fees
paid for entrance to reserves other than reserves in relation to which a
specific Trust has been established and determined that it is to retain such
fees; and
(c)
money that—
(i)
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 other than a reserve in relation to which a specific
Trust has been established; and
(ii)
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 a reserve other than a reserve in relation to
which a specific Trust has been established; or
(ii)
the use of facilities or services provided on a reserve
other than a reserve in relation to which a specific Trust has been
established; and
(da)
money required to be paid into the Fund under the Wilderness Protection
Act 1992 ; and
(e)
money borrowed by the Minister 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 Minister may
apply the fund—
(a) for
or in relation to the development and management of one or more reserves; and
(b) in
repayment of money borrowed by the Minister 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.