Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 26

             (1)  Money of the Corporation shall be applied only:

                     (a)  in payment or discharge of the expenses, charges and obligations incurred or undertaken by the Corporation in the exercise of its powers under this Act;

                     (b)  in payment of the remuneration and allowances of the Directors; and

                     (c)  in making any other payments that the Corporation is authorized or required to make under this Act.

             (2)  Subsection (1) does not prevent the investment of surplus money of the Corporation under section 19 of the Commonwealth Authorities and Companies Act 1997.