Document ID: chunk:federal_register_of_legislation:C2023C00318:section:57
Version: federal_register_of_legislation:C2023C00318
Segment Type: section
Provision Reference: s 57
Character Range: 45490–46382

57  Application of the Corporation's money
 (1) The Corporation's money consists of:
 (a) money paid to the Corporation under subsection 55(2); and
 (b) any other money received by the Corporation.
 (2) The Corporation's money is to be applied only:
 (a) in performing the Corporation's investment functions; and
 (b) in exercising the Corporation's investment powers; and
 (c) in paying or discharging the costs, expenses and other obligations incurred by the Corporation in the performance of the Corporation's functions; and
 (d) in paying any remuneration and allowances payable to any person under this Act; and
 (e) in making payments to the Commonwealth under section 58.
 (3) Subsection (2) 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 Corporation.