(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.