Western Australian Current Acts

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MARKETING OF POTATOES ACT 1946 - SECT 20

20 .         Potato Marketing Corporation Account

        (1)         An account called the Potato Marketing Corporation Account is to be established —

            (a)         as an agency special purpose account under section 16 of the Financial Management Act 2006 ; or

            (b)         with the approval of the Treasurer, at a bank as defined in section 3 of that Act,

                and the cost of the administration of this Act, and of any other activity under this Act assumed by the Corporation, is to be paid from that account.

        (2)         There shall be credited to the Account —

            (a)         any money derived from the payment of fees, or the sale of potatoes, or any other activity under this Act assumed, by the Corporation; and

            (b)         all other money lawfully received by the Corporation for the purposes of this Act.

        (3)         The Account may be used —

            (a)         to meet the costs of the administration of this Act, including any expense incidental to the administration of the Account; and

            (b)         for the payment of any moneys payable to growers or other persons in respect of potatoes accepted by the Corporation and of expense directly connected with any other activity under this Act assumed by the Corporation, so far as the Corporation may be liable for payment; and

            (c)         for any other expenditure lawfully incurred under and for the purposes of this Act.

        (4)         For the purposes of this Act, the Corporation may establish, manage and disburse reserve funds, forming part of the account referred to in subsection (1), for the purpose of —

            (a)         market research and development; or

            (b)         other research into matters related to the activities of the Corporation.

        [Section 20 inserted by No. 11 of 1995 s. 23; amended by No. 77 of 2006 Sch. 1 cl. 106(2) and (3).]



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