Document ID: chunk:federal_register_of_legislation:C2016C00164:section:38
Version: federal_register_of_legislation:C2016C00164
Segment Type: section
Provision Reference: s 38
Character Range: 21274–21966

38  Application of money held by Institute
 (1) Money held by the Institute shall be applied only:
 (a) in payment or discharge of the costs, expenses and other obligations incurred by the Institute in the performance of its functions and the exercise of its powers;
 (b) in payment of any remuneration and allowances payable to any person under this Act or any other Act; and
 (c) in making any other payments which the Institute is authorised or required to make under this Act.
 (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 Institute.