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AUSTRALIAN INSTITUTE OF ABORIGINAL AND TORRES STRAIT ISLANDER STUDIES ACT 1989 - SECT 38

Application of money held by Institute

  (1)   Money held by the Institute shall be applied only:

  (a)   in payment or discharge of the costs, expenses and other obligations incurred by the Institute in the performance of its functions and the exercise of its powers;

  (b)   in payment of any remuneration and allowances payable to any person under this Act or any other Act; and

  (c)   in making any other payments which the Institute is authorised or required to make under this Act.

  (2)   Subsection   ( 1) does 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 Institute.



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