GEOPHYSICAL SURVEY.

No. 24 of 1928.

An Act to provide for carrying out Geophysical Surveys in Australia.

[Assented to 22nd June, 1928.]

Preamble.

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title.

1. This Act may be cited as the Geophysical Survey Act 1928.

Definition.

2. In this Act, unless the contrary intention appears—

“the Trust Account” means the Trust Account established in pursuance of this Act.

Geophysical Survey Trust Account.

3.—(1.) For the purpose of this Act there shall be a Trust Account which shall be known as the Geophysical Survey Trust Account.

(2.) The Trust Account shall be a Trust Account for the purposes of section sixty-two a of the Audit Act 1901–1926.

Payments to Trust Account.

4. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, to the credit of the Trust Account, an amount not exceeding Twenty thousand pounds.

Payments from Trust Account.

5. The moneys standing to the credit of the Trust Account may be applied—

(a) for the purpose of conducting in Australia a comprehensive test of various geophysical methods  of prospecting for minerals, metals, oil and water; and

(b) to meet such expenditure incurred in the administration of this Act as the Minister approves.