7. Application of Fund
(1) The Fund shall be applied to the payment of ¾
(a) expenses directly related to the eradication of, or the prevention of the spread of, skeleton weed;
(b) compensation in accordance with this Act;
(c) expenses incurred in the determination of the value of any grain, seed, crop or bag in respect of which compensation is paid under this Act; and
(d) such amounts of money to the Resistant Grain Insects Eradication Fund established under section 8A as are authorised by or under that section.
(2) Any moneys standing to the credit of the Fund may, until required for the purposes of this Act, be temporarily invested by the Treasurer in the same manner as public moneys standing to the credit of the Public Bank Account referred to in section 19 of the Financial Administration and Audit Act 1985 may be invested, and all interest derived from the investment shall be credited to the Fund.
(3) Moneys standing to the credit of the Fund at the time that this Act expires shall, with the approval of the Minister, be applied by the Protection Board in the eradication and prevention of the spread of weeds commonly occurring in crops.
[Section 7 amended by No. 56 of 1980 s. 6; No. 49 of 1996 s. 64; No. 53 of 1996 s. 7.]