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Natural Heritage Trust of Australia Act 1997
In force
Administered by
Department of Climate Change, Energy, the Environment and Water
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C2016C00641 (C11)
06 May 2016
-
30 May 2024
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Part 1—Introduction
1 Short title
2 Commencement
3 Simplified outline
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Part 2—The Natural Heritage Trust of Australia Account
4 Natural Heritage Trust of Australia Account
5 Nature of the Account
6 Investments and income of the Account
7 Amounts not held on trust
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Part 3—Purposes of the Account
8 Purposes of the Account
9 Debits of proceeds from the partial privatisation of Telstra and interest earned from the Account
10 Primary objective of the National Vegetation Initiative
11 Primary objective of the Murray Darling 2001 Project
12 Primary objectives of the National Land and Water Resources Audit
13 Primary objective of the National Reserve System
14 Primary objectives of the Coasts and Clean Seas Initiative
15 Meaning of environmental protection
16 Meaning of sustainable agriculture
17 Meaning of natural resources management
18 Meaning of accounting transfer purpose
19 Grant of financial assistance to a State
20 Grant of financial assistance to a person, or a body, other than a State
21 Principles of ecologically sustainable development
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Part 4—Crediting of amounts to the Account
22 $1.1 billion derived from the initial partial sale of Telstra
22A $250 million derived from the subsequent partial sale of Telstra
23 Budget appropriations
24 Gifts and bequests
25 Repayments of grants
26 Commonwealth receipts under funding agreements
27 Income from assets acquired using amounts credited to the Account
28 Proceeds of disposal of assets acquired using amounts credited to the Account
29 Income from projects and related activities funded with amounts credited to the Account
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Part 6—Miscellaneous
40 Natural Heritage Ministerial Board
41 Estimates
42 Minimum balance in the Account after 30 June 2001
43 Annual report about the Account
44 Audit of annual financial statements of the Account
45 Delegation by Minister
46 Delegation by Agriculture Minister
47 Acceptance of gifts etc.
49 Appropriations for the purposes of the Natural Resources Management (Financial Assistance) Act 1992 and the Rural Adjustment Act 1992
50 Regulations
53 External Territories
54 Interpretation
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history