Document ID: chunk:federal_register_of_legislation:C2025C00105:section:193j
Version: federal_register_of_legislation:C2025C00105
Segment Type: section
Provision Reference: s 193J
Character Range: 201171–201957

193J  Application of money held by Indigenous Land and Sea Corporation
  Money held by the Indigenous Land and Sea Corporation must be applied only:
 (a) in payment or discharge of the costs, expenses and other obligations incurred by the Corporation in the performance of its functions or the exercise of its powers under this Act or any other law; and
 (b) in payment of any remuneration and allowances payable to any person under this Act or any other law; and
 (c) in making any other payments which the Corporation is authorised or required to make under this Act or any other law.
Note: Paragraph 191H(2)(b) empowers the Indigenous Land and Sea Corporation to invest its money. This section is intended to authorise the Corporation to apply its money in making such investments.