Document ID: chunk:federal_register_of_legislation:C2023A00046:clause:1_1069q
Version: federal_register_of_legislation:C2023A00046
Segment Type: clause
Provision Reference: sch 1 cl 1069Q
Character Range: 39638–40387

1069Q  Application of money by CSLR operator
 (1) The money of the CSLR operator is to be applied only:
 (a) to pay compensation under section 1063; and
 (b) to pay AFCA's unpaid fees under section 1069B; and
 (c) to pay AFCA's accumulated unpaid fees under section 1069C; and
 (d) to pay the CSLR operator's administrative costs; and
 (e) to reimburse to ASIC the costs that ASIC has notified to the CSLR operator under subsection 9(4) of the Financial Services Compensation Scheme of Last Resort Levy (Collection) Act 2023; and
 (f) to establish and restore the capital reserve (within the meaning of the Financial Services Compensation Scheme of Last Resort Levy (Collection) Act 2023).
 (2) Subsection (1) does not prevent investment of money.