Waste Management Fund Notice, 2007 (S.I. No. 29 of 2007)

[24th September 2007] Supplement to Official Gazette 67 S.l. 29 of 2007 PUBUCFINANCES ACT (Cap 188A) Waste Management Fund Notice, 2007 In exercise of the powers conferred by section 8 of the Public FinancesAct, the Minister responsible for Finance hereby makes thefollowing Notice 1. This Notice may be cited as the Waste Management Fund Notice, 2007 and shall come into operation on the 24th September, 2007. 2. There is hereby established a Fund to be known as the Waste Management Fund (hereinafter referred to as 'the Fund'). . Citation Establishmentof Funt! 3. In this Notice 'Board' means the Board ofthe Fund referred to in paragraph 6(2); 'Fund' means the Waste Management Fund established under paragraph 2; 'Redeem Center' means a place authorised as such by the Ministry responsible for environment to accept recyclable plastic bottles from the public for the purpose ofrecycling; 'refund' means a depositthat may be refunded by the redeem centers; 'recycler' means a person who carries out the business of recycl ing, as authorized by the Ministry responsible for environment. Interpretation 5. 4. 68 Objectives of the Fund Money, of the Fund Administration of the Fund Supplement to Official Gazette [24th September 2007] The objective of the Fund shall be (a) to make funds available for refunding deposits made by the consumer; (b) to make funds available for the management ofthe recycling scheme; (c) to assist in the sensitisation of the public in waste management issues; (d) to fund other waste management initiatives in line with the policy ofthe Department ofEnvironment. The Fund shall consist of (a) any money lawfully accruing to the Fund; (b) any money raised from public activities by or with the approval ofthe Board; (c) such other money as may be paid into the Fund by any person or organization in accordance with the laws ofSeychelles. 6. (I) The Fund shall be administered by the Board. (2) Subject to subparagraph (3) of this paragraph, the Board shall consist of (a) the Principal Secretary ofthe Ministry responsible for environment, who'shall be the Chairman; (b) the Principal Secretary ofthe Ministry responsible for finance, who shall be thealternate Chairman; (c) such other members as the Minister responsible for environment appoints on such terms as the Minister may inlike manner determine, namely (i) a representative from the Ministry responsible for education; (ii) two representatives ofthe producers; (iii) a representatives from the Seychelles [24th September 2007] Supplement to Official Gazette 69 Chamber ofCommerce Industry; (iv) a representative from the media; (v) a representative from the legal profession. (3) The Principal Secretary ofthe Ministry responsible for environment and the Principal Secretary of the Ministry responsible for finance may, in writing, each delegate a public officer to represent them on the Board and such public officer shall have all the powers of the person who made the delegation. 7. The Board shall not have the power to exempt nor refund any payments for any levy. 8. The Board will have the power to sign any agreement that helps the Fund to attain its objectives. 9. (1) The decisions of the Board shall be taken by the majority vote of its members, with the chairman having a casting vote in the event that no majority is reached. Exemptions and refunds Power to sign agreements Proceedings of the Board (2) Subject to SUbparagraph (1) the Board may regulate its own meetings and proceedings. 10.( I) The Board shall open and maintain an account with a Bank Account financial institution in Seychelles, and all moneys of the Fund shall be paid into the account. (2) Any withdrawal from the account for the purpose of the Fund shall require the signatures of the Chairman and at least one other member. 11.(1) The Board shall cause to be kept proper books and Accounts and accounts of the moneys of the Fund and shall prepare Audit for eaeh calendar year a statement ofaccounts. (2) The accounts and statement of accounts of the Fund shall be audited every year by an auditor appointed by the Board. (3) The Board shall on or before the 30th April in each year 70 Supplement to Official Gazette [24th September 2007] send to the Minister responsible for finance a copy of the statement prepated under subparagraph (I ), together with a copy of the report made by tke auditor on the statement, in respect ofthe preceeding year. MADE this 21st day ofSeptember, 2007. DANNY FAURE MINISTER OF FINANCE