Commonwealth Consolidated Acts

CLEAN ENERGY FINANCE CORPORATION ACT 2012 - SECT 53

  (1)   The Corporation's money consists of:

  (a)   money paid to the Corporation under subsection   49(2); and

  (b)   any other money received by the Corporation.

  (2)   The Corporation's money is to be applied only:

  (a)   in performing its investment function; and

  (b)   in paying or discharging the costs, expenses and other obligations incurred by the Corporation in the performance of the Corporation's functions; and

  (c)   in paying any remuneration and allowances payable to any person under this Act; and

  (d)   in making payments to the Commonwealth under section   54.

  (3)   Subsection   (2) 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 Corporation.