Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The money of the Gallery is to be applied only:
(a) in payment or discharge of the costs, expenses and other obligations incurred or undertaken by the Gallery 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.
(2) Subsection ( 1) does not prevent investment, under subsection (3) of this section or section 59 of the Public Governance, Performance and Accountability Act 2013 , of money that is not immediately required for the purposes of the Gallery.
(3) In addition to investments authorised by section 59 of the Public Governance, Performance and Accountability Act 2013 , the Gallery may invest the following in any other form of investment:
(a) money accepted as a gift or bequest to the Gallery;
(b) money that the Gallery receives from the disposal of property given, devised, bequeathed or assigned to the Gallery by a person other than the Commonwealth;
(c) income received from an investment made under this subsection or from the disposal of such an investment.
Note: See subsection 8(3) for obligations of the Gallery as trustee of a trust.
(4) An investment under subsection (3), or the disposal of such an investment, must be in accordance with a policy in force under section 46A.