South Australian Consolidated Acts South Australian Consolidated Acts (1) The Highways Fund
continues in existence.
(2) The Fund consists
of—
(a)
money paid into the Fund as required or authorised by this Act or any other
Act; and
(b)
loans raised and appropriated for purposes of the Fund; and
(c) any
money (including interest) paid into the Fund to defray the cost of operations
referred to in section 32(1)(g); and
(d) any
money (including interest) repaid by a council under section 32(1)(h);
and
(e) any
other money received in repayment of money disbursed from the Fund or
otherwise received under this Act; and
(f) any
amounts paid by way of fees or charges for the use of any ferry or sea
transport service operated under this Act.
(3) The Treasurer
must, at least once every three months, pay into the Fund the sum of all money
collected or received in respect of licence fees and registration fees under
the Motor Vehicles Act 1959 after deducting from that sum such amount as
is necessary to pay, during the financial year in which that money is
collected or received—
(a) any
interest on the debit balance for the time being outstanding in accounts of
the Treasurer in respect of loans raised for roads and bridges; and
(b) any
expenses incurred in connection with statutory or administrative powers,
duties or functions exercised or performed by or under the direction of the
Registrar of Motor Vehicles.
(4) The Treasurer may
in any financial year advance out of the Consolidated Account and pay into the
Fund any sum not exceeding the amount that the Treasurer anticipates will, in
that financial year, be received or collected and be payable to the Fund under
subsection (3).
(5) If an amount is
paid into the Fund under subsection (4), that amount must be deducted
from the amount to be paid into the Fund under subsection (3) during the
relevant financial year.