Document ID: chunk:federal_register_of_legislation:C1973A00092:body:0:p6
Version: federal_register_of_legislation:C1973A00092
Segment Type: other
Provision Reference: 
Character Range: 12698–15508

words "the transport service".
12. Section 30 of the Principal Act is repealed and the following sections substituted:—

Capital of Commission.
"30. The capital of the Commission at any time is the sum of—
       (a) the amounts by way of capital made available by the Treasurer to the Commission before the commencement of this section; and
       (b) the amounts paid to the Commission by the Treasurer after the commencement of this section out of moneys appropriated by the Parliament for the purposes of providing further capital for the Commission,
less the sum of any amounts of capital repaid to the Commonwealth by the Commission after the commencement of this section.

Payments to Commonwealth.
"30a. (1) Interest is not payable to the Commonwealth on the capital of the Commission but the Commission shall pay to the Commonwealth, out of the profits of the Commission for a financial year, such amount as the Minister, with the concurrence of the Treasurer, determines.

"(2) The capital of the Commission is repayable to the Commonwealth at such times and in such amounts as the Minister, with the concurrence of the Treasurer, determines.
"(3) In the making of a determination under sub-section (1) or subsection (2), regard shall be made to any advice that the Commission has furnished to the Minister in relation to the financial affairs of the Commission.".

Borrowing by the Commission.
13. Section 31 of the Principal Act is amended—
       (a) by omitting sub-sections (1) and (2) and substituting the following sub-sections:—
     "(1) The Commission may, with the approval of the Treasurer, borrow moneys from time to time in such amounts as the Minister certifies are, in his opinion, necessary for the exercise of its powers or the performance of its duties or functions under this Act.
     "(2) The Treasurer may, on behalf of the Commonwealth, out of moneys appropriated by the Parliament for the purpose, lend to the Commission, at such rate of interest and on such other terms and conditions as he determines, moneys that the Commission is authorized to borrow under sub-section (1).";
       (b) by omitting from sub-section (4) the words "with the concurrence of the Minister,"; and
       (c) by omitting sub-section (6).
14. After section 31 of the Principal Act the following section is inserted:—

Transfer of superannuation provisions.
"31a. The Commission shall not more than four weeks after this Act receives the Royal Assent and thereafter from time to time at intervals of not more than four weeks transfer the moneys representing provisions made by the Commission for staff superannuation from the accounts of the Commission to the Commonwealth Superannuation Board or to such other trustees as the Treasurer approves.".

Bank accounts.
15. Section 33 of the Principal