Document ID: chunk:federal_register_of_legislation:C2007A00074:clause:1_54
Version: federal_register_of_legislation:C2007A00074
Segment Type: clause
Provision Reference: sch 1 cl 54
Character Range: 29082–29738

54  Purposes of the Account

 (1) This section sets out the purposes of the Account.

 (2) Amounts standing to the credit of the Account may be debited for the following purposes:
 (a) in payment or discharge of the costs, expenses and other obligations incurred by APRA in the performance of its functions or the exercise of its powers;
 (b) in payment of any remuneration or allowances payable to persons appointed or engaged under this Act;
 (c) in making any other payments which APRA is authorised or required to make under this Act or any other law of the Commonwealth.

Note: See section 21 of the Financial Management and Accountability Act 1997.