Commonwealth Consolidated Acts

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL ACT 1973 - SECT 39

             (1)  The moneys of the School shall be applied only:

                     (a)  in payment or discharge of the costs and expenses of the School under this Act; and

                     (b)  in payment of any remuneration (including fees) and allowances payable under this Act.

          (1A)  Subsection (1) does not prevent investment of surplus money of the School under section 18 of the Commonwealth Authorities and Companies Act 1997 .

             (2)  Notwithstanding anything contained in this Act, where a gift or bequest made to the School is subject to conditions in relation to the purposes for which it is to be applied, the moneys paid to the School as a result of the gift or bequest, and any income derived from the investment of those moneys, may be applied for those purposes and subject to those conditions but not otherwise.