Document ID: chunk:federal_register_of_legislation:F2016L01455:reg:27
Version: federal_register_of_legislation:F2016L01455
Segment Type: reg
Provision Reference: reg 27
Character Range: 18294–19268

27  Finance
 (1) The Board controls the finances of the Canteen Service.
 (2) The Board may, from time to time, allocate to:
 (a) the Managing Director; or
 (b) an employee of the Board;
the funds of the Canteen Service that the Board considers necessary to administer and conduct the part of the Canteen Service for which that person has been given responsibility by the Board.
 (3) For the purpose of subsection (2), funds means:
 (a) money deposited with, or otherwise owing by, the Commonwealth or by a Department of the Australian Public Service; or
 (b) money in hand or at credit in any fixed deposit or current account with a bank; or
 (c) drafts, bills of exchange and other negotiable instruments;
but does not include investments made by the Board, stock‑in‑trade, plant, machinery, other property, book debts, rights of action, claims or demands, relating to or arising out of the conduct of the Canteen Service, unless and until they are converted into money.