1) Money received by the Principal Inspector of Mines in payment of fines imposed in terms of section 55D must be paid to a fund established and controlled by the Council.
2) The Council must, with the agreement of the Minister, use the money in the fund for the promotion of health and safety in the mining industry.
3) The report of the Chief Inspector of Mines referred to in section 49(1)(j) must reflect the financial affairs of the fund.