DEPARTMENT OF FISHERIES ANNUAL REPORT TO THE ...
DEPARTMENT OF FISHERIES ANNUAL REPORT TO THE ...
DEPARTMENT OF FISHERIES ANNUAL REPORT TO THE ...
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DISCLOSURES AND LEgAL COMPLIANCE � NOTES <strong>TO</strong> <strong>THE</strong> FINANCIAL STATEMENTS<br />
45 fISherIeS reSeArch ANd develoPmeNt corPorAtIoN AccouNt<br />
2010 2011<br />
$’000 $’000<br />
645 opening balance - 1 July 1,010<br />
1,497<br />
receipts<br />
Contributions from Fisheries Research and<br />
Development Corporation<br />
1,297<br />
33 Interest 33<br />
296 Other 270 1,600<br />
2,471 2,610<br />
Payments<br />
1,461 Expenditure on Fisheries WA research-related activities 1,204<br />
1,461<br />
1,010 Balance 30 June held by treasury 1,406<br />
The purpose of this Account is to hold funds in accordance with section 242 of the FRMA<br />
1994 which may be applied by the Minister for all or any of the purposes prescribed by<br />
section 242(4) of the FRMA 1994. Approval has been granted by the Treasurer to overdraw<br />
this Account to a limit of $300K.<br />
46 fISherIeS AdJuStmeNt SchemeS truSt AccouNt<br />
2010 2011<br />
$’000 $’000 $’000<br />
1,692 opening balance - 1 July 426<br />
receipts<br />
1,013 Specific State contributions to fisheries adjustment 34,921<br />
2,705 35,347<br />
Payments<br />
3 Administration<br />
2,276 Unit buy back State Scheme 35,116<br />
2,279 35,116<br />
426 Balance 30 June held by treasury 231<br />
The purpose of this account is to hold funds in accordance with section 5 of the Fisheries<br />
Adjustment Scheme Act 1987 which shall be applied by the Minister for the purposes<br />
prescribed by section 6 of that Act.<br />
47 fISherIeS PrIvAte moNeyS truSt AccouNt<br />
2010 2011<br />
$’000 $’000 $’000<br />
60 opening balance - 1 July 66<br />
receipts<br />
8 Proceeds from the sale of seized fish –<br />
68 66<br />
Payments<br />
– Monies transferred 7<br />
2 Monies repaid – 7<br />
66 Balance 30 June held by treasury 59<br />
The purpose of this account is to hold moneys seized and proceeds from the sale of seized<br />
fish pursuant to the Fisheries Act 1905 pending prosecution action. The Fisheries Act 1905<br />
has been repealed and replaced by the FRMA 1994.<br />
48 fISh fArm BoNd dePoSItS truSt AccouNt<br />
2010 2011<br />
$’000 $’000<br />
105 opening balance - 1 July 109<br />
receipts<br />
4 Interests 5<br />
109 Balance 30 June held by treasury 114<br />
The purpose of this account is to hold fish farm bond deposits lodged by licensees, as<br />
security and guarantee for the due and punctual performance of the licensees Fish Farm<br />
licence conditions.<br />
135
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