Western Australian Consolidated Acts Western Australian Consolidated Acts (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).]