Document ID: chunk:federal_register_of_legislation:C2004A03104:schedule:2:p45
Version: federal_register_of_legislation:C2004A03104
Segment Type: schedule
Provision Reference: sch 2 (pt 45/48)
Character Range: 154495–157246

and may exercise all the powers, and shall perform all the functions, of the Director under this Act and the regulations.
"(6) A person appointed under sub-section (1) may resign the appointment by writing signed by the person and delivered to the Minister.
"(7) The validity of anything done by or in relation to a person purporting to act in the office of Director shall not be called in question on the ground that the occasion for the appointment had not arisen, that there was a defect or irregularity in or in connection with the appointment, that the appointment had ceased to have effect or that the occasion for the person to act had not arisen or had ceased.".

Section 36—
Repeal the section, substitute the following section:

Australian National Gallery Fund
"36. (1) There is established by this sub-section a fund, to be known as the Australian National Gallery Fund.
"(2) Income received from the investment of money standing to the credit of the Fund forms part of the Fund.
"(3) There shall be paid into the Fund—
     (a) gifts and bequests of money accepted by the Gallery after the commencement of this section otherwise than on trust;
     (b) money received by the Gallery after that commencement from the disposal of gifts, devises, bequests and assignments of property accepted by the Gallery, whether before or after that commencement, otherwise than on trust; and

SCHEDULE 1—continued

     (c) so much of the money held by the Gallery in bank accounts otherwise than on trust immediately before that commencement as the Minister, by notice in writing given to the Gallery within 21 days after that commencement, determines.".

Section 37—
Insert "(including money standing to the credit of the Fund)" after "Gallery" (first occurring).

Paragraph 38 (a)—
Omit "$100,000", substitute "$450,000".

Paragraphs 38 (b) and (d)—
Omit "$50,000", substitute "$100,000".

Sections 39 and 40—
Repeal the sections, substitute the following sections:

Investment
"39. Money (including money standing to the credit of the Fund) held by the Gallery otherwise than on trust that is not immediately required for the purposes of the Gallery may be invested—
     (a) on deposit with a bank that is an approved bank for the purposes of section 63j of the Audit Act 1901;
     (b) in Commonwealth securities; or
     (c) in any other manner approved in writing by the Treasurer.

Application of Division 3 of Part XI of Audit Act
"40. It is hereby declared that the Gallery is a public authority to which Division 3 of Part XI of the Audit Act 1901 applies.".

Section 41—
Omit "Australia", substitute "the Commonwealth".

Sections 42, 43 and 44—
Repeal the sections.

Paragraph 46 (c)—
Omit "$100", substitute "$500".

National Health Act