(1) Revenue collected by the Authority under this Act shall be paid into the Consolidated Fund in accordance with the Financial Administration Act, 2003 (Act 654).

(2) The Authority shall retain not more than 3 percent of the net annual revenue collected.

(3) The revenue retained under sub-section (2) shall, with the approval of the Minister, be applied for the payment of salaries, allowances, operational and administrative expenses and other expenses of the Revenue Authority.