(1) An account called the }Road Trauma Trust Fund~ and forming part of the Trust Fund constituted under section 9 of the Financial Administration and Audit Act 1985 is to be established at the Treasury.

(2) These moneys are to be credited to the Fund:

(a) one-third of each prescribed penalty paid pursuant to a traffic infringement notice served under section 102 (3a);

(b) any moneys appropriated by Parliament for the purposes of the Fund;

(c) such amount of investment income, as defined in section 39 (2) of the Financial Administration and Audit Act 1985, as is determined by the Treasurer (at a rate determined by the Treasurer) to be attributable to the investment under section 38 of that Act of moneys standing to the credit of the Fund.

(3) For the purposes of the Financial Administration and Audit Act 1985 the Fund is to be administered by the department of the Public Service principally assisting the Minister in the administration of the licensing provisions of this Act.

(4) The moneys standing to the credit of the Fund are to be applied for the purposes determined by the Minister on the recommendation of the Council.

[Section 12A inserted by No. 76 of 1996 s.5 (as amended by No. 49 of 1996 s.27 (4)); amended by No. 49 of 1996 s.27 (3).]