Document ID: chunk:federal_register_of_legislation:C2006A00030:clause:1_38a
Version: federal_register_of_legislation:C2006A00030
Segment Type: clause
Provision Reference: sch 1 cl 38A
Character Range: 8607–9415

38A  Notional accounts within the Aboriginal Advancement Account

 (1) The regulations may create separate notional accounts within the Aboriginal Advancement Account in the name of particular Aboriginal groups living in Victoria.

 (2) Amounts determined in accordance with the regulations must be credited to the notional accounts. To avoid doubt, amounts that may be so determined include amounts required to be credited to the Aboriginal Advancement Account under subsection 38(5).

 (3) Amounts standing to the credit of a notional account must be debited from the account for the purposes of the making by the Commonwealth of payments to further the social and economic advancement of the Aboriginal group in whose name the notional account was created.

Part 3—Australian Research Council Act 2001