Commonwealth Consolidated Acts

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TOURISM AUSTRALIA ACT 2004 - SECT 58

Money of Tourism Australia

  (1)   The money of Tourism Australia consists of:

  (a)   money paid to Tourism Australia under section   57; and

  (b)   any other money paid to Tourism Australia.

  (2)   The money of Tourism Australia (other than money vested in Tourism Australia on trust) is to be applied only:

  (a)   to pay or discharge the costs, expenses and other obligations incurred by Tourism Australia in the performance of its functions and the exercise of its powers; and

  (b)   to pay any remuneration or allowances payable under this Act.

  (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 Tourism Australia.



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