Commonwealth Consolidated Acts

AUSTRALIAN INSTITUTE OF MARINE SCIENCE ACT 1972 - SECT 38

             (1)  The moneys of 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 or the exercise of its powers; and

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

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

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