8F. Application of Plant Diseases Eradication Fund
(1) The Plant Diseases Eradication Fund shall be applied to the payment of ¾
(a) expenses directly related to the eradication of, or the prevention of the spread of, plant diseases;
(b) compensation in accordance with this Act in relation to a declared crop year;
(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 in relation to a declared crop year; and
(d) expenses incurred by the Grain Pool within the meaning of the Grain Marketing Act 1975 3 before the expiry of a period of 6 months beginning on the commencement of section 8 of the Skeleton Weed and Resistant Grain Insects (Eradication Funds) Amendment Act 1996 1 in paying compensation to the owners of any lupins destroyed under a power exercised under the Plant Diseases Act 1914.
(2) Any moneys standing to the credit of the Plant Diseases Eradication 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 that investment shall be credited to the Plant Diseases Eradication Fund.
(3) Moneys standing to the credit of the Plant Diseases Eradication Fund at the time that this Act expires shall, with the approval of the Minister, be applied by the Protection Board in the eradication of, or the prevention of the spread of, plant diseases.
[Section 8F inserted by No. 53 of 1996 s. 8.]