(1) From the
commencement of the Public Works Amendment Act 1994 , the Western Australian
Building Authority Account previously established by this section continues in
existence but is called the Western Australian Building Management Authority
Account.
(2) The funds
available for the purpose of enabling the Building Management Authority to
perform its functions under this Part consist of —
(a)
moneys from time to time appropriated by Parliament; and
(b) all
moneys borrowed by the Building Management Authority under this Part; and
(c) the
proceeds of sales by the Building Management Authority of any of its assets;
and
(d)
rents derived from authorised buildings of the Building Management Authority
leased by it to other persons; and
(e)
interest earned on moneys temporarily invested under subsection (5); and
(f) any
moneys, other than moneys referred to in paragraphs (a), (b), (c), (d) and
(e), lawfully received by, made available to or payable to the Building
Management Authority.
(3) The funds referred
to in subsection (2) shall be credited to the Account.
(4) The Building
Management Authority shall pay from the funds standing to the credit of the
Account —
(a)
interest on and repayments of moneys borrowed by the Building Management
Authority under this Part, and brokerage, commission, fees and other expenses
incurred in connection with that borrowing; and
(b) to
be credited to the Consolidated Account, an amount equal to the amount of any
moneys charged to the Consolidated Account in meeting any liability of the
Crown referred to in section 9C(3); and
(c) the
expense of acquiring, holding, taking on lease, providing, constructing,
altering, protecting or managing authorised buildings and of acquiring,
holding or taking on lease land or any interest therein for the purpose of
that acquisition, provision, alteration, protection or management; and
(d) all
expenditure, other than expenditure referred to in paragraphs (a), (b) and
(c), lawfully incurred by the Building Management Authority in the performance
of its functions under this Part.
(5) The Building
Management Authority may, with the approval of the Treasurer, temporarily
invest any moneys standing to the credit of the Account which are not
immediately required for the purposes of this Part in one or more of the ways
in which moneys standing to the credit of the Public Bank Account may be
invested under the Financial Management Act 2006 .
(6) Moneys standing to
the credit of the Account shall be applied by the Building Management
Authority only for the purposes of this Part.
(7) The Treasurer
shall in each financial year include in the Consolidated Account Estimates of
Revenue and Expenditure in respect of the Building Management Authority a sum
of money (whether nominal or otherwise) for the purposes of this Part.
[Section 9E inserted: No. 123 of 1984 s. 4;
amended: No. 98 of 1985 s. 3; No. 6 of 1993 s. 11; No. 59 of 1994 s. 8 and 9;
No. 49 of 1996 s. 64; No. 28 of 2006 s. 335; No. 77 of 2006 s. 4 and Sch. 1
cl. 140(2).]