Commonwealth Consolidated Acts

AUSTRALIAN INSTITUTE OF ABORIGINAL AND TORRES STRAIT ISLANDER STUDIES ACT 1989 - SECT 38

             (1)  Money held by the Institute shall be applied only:

                     (a)  in payment or discharge of the costs, expenses and other obligations incurred by the Institute in the performance of its functions and the exercise of its powers;

                     (b)  in payment of any remuneration and allowances payable to any person under this Act or any other Act; and

                     (c)  in making any other payments which the Institute is authorised or required to make under this Act.

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