Document ID: chunk:federal_register_of_legislation:C2004A02018:body:0:p39
Version: federal_register_of_legislation:C2004A02018
Segment Type: other
Provision Reference: 
Character Range: 95636–98525

expenditure charged to the Loan Fund the following receipts:
      (a) moneys received from the sale of property, or for work, in respect of which moneys standing to the credit of the Loan Fund have been expended, but not exceeding the sum of the moneys so expended;
      (b) moneys received in repayment of moneys paid out of the Loan Fund by way of deposits, advances or loans;
      (c) moneys received in reimbursement of any other expenditure for which payments have been made out of the Loan Fund.".

Trust accounts
48. Section 62a of the Principal Act is amended by omitting from paragraph (a) of sub-section (7) "received by the Commonwealth and".

Investment of moneys standing to credit of Trust Fund
49. Section 62b of the Principal Act is amended by omitting subsection (3) and substituting the following sub-section:
"(3) Interest received from the investment of any moneys standing to the credit of the Trust Fund shall be dealt with—
      (a) in accordance with any Act making provision with respect to that interest; or
      (b) if paragraph (a) is not applicable—
          (i) in a case where the Minister has directed the manner in which that interest is to be dealt with—in accordance with that direction; or
          (ii) in any other case—by payment to the Consolidated Revenue Fund.".

Heading to Part X
50. The heading immediately preceding section 63 of the Principal Act is repealed and the following heading substituted:

"PART X—MONEYS OUTSIDE AUSTRALIA AND NAVAL
EXPENDITURE".

51. Section 63 of the Principal Act is repealed and the following section substituted:

Moneys, &c., outside Australia
"63. (1) The regulations may make provision for and in relation to–
      (a) the collection, receipt, custody, expenditure, care and management, outside Australia, of public moneys and the due accounting for those moneys;
      (b) the keeping of accounts and records, and the provision of statements, returns and vouchers, in respect of the matters referred to in paragraph (a);
      (c) the execution of works and the supply of services outside Australia for or by the Commonwealth;
      (d) the purchase outside Australia of chattels and other property for or by the Commonwealth;
      (e) the custody, issue, sale or other disposal and writing off of stores and other property of the Commonwealth outside Australia, and the proper accounting for, and stocktaking of, those stores and that property; and
      (f) the inspection and examination by a person other than the Auditor-General, and the departmental checking, of accounts and records prepared or kept outside Australia in respect of public moneys, stores and other property of the Commonwealth.
"(2) In this section, 'Australia' includes the external Territories.
"(3) Notwithstanding section 71, regulations made in accordance with this section may contain provisions inconsistent with the