Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AUSTRALIAN INSTITUTE OF MARINE SCIENCE ACT 1972 - SECT 38

Application of moneys

  (1)   The moneys of 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 or the exercise of its powers; and

  (b)   in payment of any remuneration (including fees) and allowances payable under this Act; and

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

  (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.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback