State revenue means any or all of the following kinds of revenue -

(a) taxes and regulatory fees in the nature of taxes;

(b) fines and penalties;

(c) grants-in-aid;

(d) revenue from the sale or use of state assets;

(e) insurance recoveries relating to state assets;

(f) revenue received or receivable by a budget sector agency that is declared by the Finance Instructions to be state revenue for the purposes of this Act,

but does not include revenue that a state entity is authorised to retain under this Act or any other written law;

(Finance Management Act 2004 (s(2))