(1) There is to be a Natural Heritage Ministerial Board, which is to consist of:
(a) the Minister; and
(b) the Agriculture Minister.
(2) The functions of the Natural Heritage Ministerial Board are as follows:
(a) to provide a forum in which the Minister and the Agriculture Minister are to consult with each other about all matters relating to the Account;
(b) to prepare estimates under section 41;
(c) to monitor the effectiveness of the administration of this Act in achieving:
(i) the primary objective of the National Vegetation Initiative; and
(ii) the primary objective of the Murray - Darling 2001 Project; and
(iii) the primary objectives of the National Land and Water Resources Audit; and
(iv) the primary objective of the National Reserve System; and
(v) the primary objectives of the Coasts and Clean Seas Initiative; and
(vi) environmental protection; and
(vii) sustainable agriculture; and
(viii) natural resources management.
(3) For the purposes of this section, each of the following decisions is taken to be a matter that relates to the Account:
(a) a decision about a proposal to spend an amount standing to the credit of the Account;
(b) a decision relating to the investment of an amount standing to the credit of the Account;
(c) a decision to make a recommendation to the Governor - General about the making of regulations under this Act;
(d) a decision under this Act;
(e) a decision under any other law of the Commonwealth, to the extent that the law relates to the Account.