Document ID: chunk:federal_register_of_legislation:C2007C00447:clause:1_87
Version: federal_register_of_legislation:C2007C00447
Segment Type: clause
Provision Reference: sch 1 cl 87
Character Range: 77210–78066

87  After subsection 35(4)
Insert:

 (4A) If:
 (a) a Land Council receives a payment as mentioned in subsection (4); and
 (b) the payment is made by the Commonwealth, the Northern Territory or an Authority; and
 (c) the payment is of a kind prescribed by the regulations for the purposes of this subsection; and
 (d) under subsection (4), the Land Council pays an amount equal to that payment to a person;
the Land Council must, at the time it pays that amount, advise the person in writing that the amount is an accountable amount.

Note 1: Sections 35B and 35C impose requirements on a body corporate in relation to accountable amounts.

Note 2: The activities or operations of a body corporate or other person receiving an accountable amount may be evaluated or audited: see paragraph 193X(1)(cb) of the Aboriginal and Torres Strait Islander Act 2005.