Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies in relation to a plant product (an EPPR plant product ) on which EPPR levy or charge has been imposed.
Commonwealth obligation to pay PHA
(2) The Commonwealth must pay to PHA amounts equal to the following:
(a) EPPR levy or charge receipts from the EPPR plant product;
(b) EPPR penalty receipts from the EPPR plant product.
Payment conditions
(3) Payments under subsection (2) in relation to the EPPR plant product are made subject to the following conditions:
(a) PHA must hold the amounts in the EPPR fund for the plant product;
(b) PHA must apply the fund as required by section 10C;
(c) PHA must not apply the fund to make payments otherwise than:
(i) as required by section 10C; or
(ii) to make an investment in accordance with section 10D.
Note: If PHA contravenes a condition in relation to a payment under this section, it may be required to make a payment under section 10G.
(4) The EPPR fund for the EPPR plant product consists of the following (and nothing else):
(a) payments under subsection (2) in relation to the plant product;
(b) investments of fund money, made in accordance with section 10D;
(c) income (for example, interest) earned on those investments;
(d) the proceeds of the realisation of those investments;
(e) payments made into the fund in accordance with a requirement under subsection 10G(2).