Document ID: chunk:federal_register_of_legislation:C2023C00366:section:58
Version: federal_register_of_legislation:C2023C00366
Segment Type: section
Provision Reference: s 58
Character Range: 53918–54629

58  Application of money
 (1) The money of the SBS is to be applied only:
 (a) in payment or discharge of expenses, obligations and liabilities of the SBS arising under this Act; and
 (b) in payment of remuneration, allowances and fees payable to non‑executive Directors, the Managing Director and persons referred to in section 54; and
 (c) in payment of any remuneration, allowances and fees payable to the members of the Community Advisory Committee or other consultative body established by the Board.
 (2) Subsection (1) 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 the SBS.