Document ID: chunk:federal_register_of_legislation:C2024C00794:section:65da
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 65DA
Character Range: 336835–338040

65DA  NTAI Corporation may submit estimates of beneficial payments and investments
 (1) The NTAI Corporation may:
 (a) prepare estimates of its expenditure for a period to meet its costs of making:
 (i) payments to or for the benefit of Aboriginal people living in the Northern Territory; and
 (ii) investments of the kind mentioned in paragraph 65BB(b); and
 (b) submit those estimates to the Minister for the Minister's approval.
Note: The Minister must have regard to approved estimates in directing that an amount is to be debited from the Account under subsection 64AA(4).
 (2) Estimates prepared under subsection (1) must be in the form (if any) and for such periods (if any) as the Minister directs.
 (3) A period for which the NTAI Corporation prepares estimates under subsection (1) may be wholly or partly concurrent with another period for which the NTAI Corporation prepares estimates under that subsection.
 (4) Nothing in this section affects a requirement under section 36 of the Public Governance, Performance and Accountability Act 2013 to prepare budget estimates.

Division 5—Board of the Northern Territory Aboriginal Investment Corporation

Subdivision A—Establishment and functions