Commonwealth Consolidated Acts

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Application of money by the Agency

             (1)  The money of the Agency consists of:

                     (a)  money paid to the Agency under section 178; and

                     (b)  money received by the Agency under section 179; and

                     (c)  any other money paid to, or received by, the Agency.

             (2)  Subject to subsection (3), the money of the Agency is to be applied only:

                     (a)  in payment or discharge of any expenses, charges and obligations incurred or undertaken by the Agency in the performance of its functions and the exercise of its powers; and

                     (b)  in payment of remuneration and allowances payable under this Act.

             (3)  The money of the Agency that was received by the Agency under section 179 is to be applied only for the purpose mentioned in that section.

             (4)  Subsections (2) and (3) do not prevent investment, under section 59 of the Public Governance, Performance and Accountability Act 2013 , of money that is not immediately required for the purposes of the Agency.

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