Document ID: chunk:federal_register_of_legislation:C2018C00235:section:12
Version: federal_register_of_legislation:C2018C00235
Segment Type: section
Provision Reference: s 12
Character Range: 14905–15694

12  Application of gifts or bequests
 (1) In spite of anything in this Act (other than subsection (2) of this section) or in the Public Governance, Performance and Accountability Act 2013 (other than section 58 of that Act which deals with investment by the Commonwealth):
 (a) any money held by the Minister on trust for the purposes of the Account must be dealt with in accordance with the obligations of the Minister as a trustee of the trust; and
 (b) any money accepted by the Minister for the purposes of the Account subject to a condition must be dealt with in accordance with the obligations imposed on the Minister by the condition.
 (2) Separate accounts must be kept of money standing to the credit of the Account representing amounts of money to which subsection (1) applies.