Document ID: chunk:federal_register_of_legislation:C2016C01009:section:38
Version: federal_register_of_legislation:C2016C01009
Segment Type: section
Provision Reference: s 38
Character Range: 22503–23184

38  Application of moneys
 (1) The moneys of 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 or the exercise of its powers; and
 (b) in payment of any remuneration (including fees) and allowances payable under this Act; and
 (c) in making any other payments which the Institute is authorised or required to make under this Act or any other law.
 (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.