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ABORIGINAL LAND RIGHTS ACT 1983 - SECT 149A
NSW Aboriginal Land Council Community Fund
(1) The New South Wales Aboriginal Land Council is to establish in an
authorised deposit-taking institution an account named the "New South Wales
Aboriginal Land Council Community Fund" into which is to be paid-- (a) amounts
of community development levy, and
(b) additional amounts payable by the
New South Wales Aboriginal Land Council under section 42U, and
(c) any money
paid to the New South Wales Aboriginal Land Council for the purposes of the
Fund, and
(d) any interest received in respect of the investment of money
belonging to the Fund, and
(e) any money directed to be paid into the Fund by
or under this or any other Act.
(2) There is payable from the Fund-- (a)
money for grants to a Local Aboriginal Land Council for the purpose of the
management and acquisition of land, and
(b) money for community benefit
schemes for persons within the area of a Local Aboriginal Land Council, and
(c) amounts of repayments of excess community development levy paid by
Local Aboriginal Land Councils, and
(d) amounts of excess payments made by
the New South Wales Aboriginal Land Council under section 42U, and
(d1)
amounts that become payable under section 42UA, and
(e) any other payments
authorised by or under this or any other Act.
(3) In determining amounts to
be paid from the Fund, the New South Wales Aboriginal Land Council must have
regard to any applicable policy of the Council.
(4) Money to the credit of
the account may be invested in any manner in which the
New South Wales Aboriginal Land Council Account may be invested.
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