Commonwealth Consolidated Acts

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CREATIVE AUSTRALIA ACT 2023 - SECT 79

Application of money by Creative Australia

  (1)   The money of Creative Australia is to be applied only:

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

  (b)   in payment of any remuneration or allowances payable under this Act.

Note:   See subsection   12(3) for the obligations of Creative Australia in relation to money or other property held on trust or accepted subject to a condition.

  (2)   Subsection   (1) does not prevent investment, under section   59 of the PGPA Act, of money that is not immediately required for the purposes of Creative Australia.



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