Commonwealth Consolidated Acts

AUSTRALIAN NATIONAL MARITIME MUSEUM ACT 1990 - SECT 47

             (1)  Subject to subsection 10(4), the Museum shall not, except with the approval of the Minister, enter into a contract under which the Museum is to pay or receive:

                     (a)  in the case of a contract for the acquisition of any maritime historical material--an amount exceeding $250,000 or, if a higher amount is prescribed for the purposes of this paragraph, an amount exceeding that higher amount; or

                     (b)  in any other case--an amount exceeding $250,000 or, if a higher amount is prescribed for the purposes of this paragraph, an amount exceeding that higher amount.

             (2)  The Museum shall not, except with the approval of the Minister, enter into a lease of land for a period exceeding 10 years.

             (3)  Subsection (1) does not apply to the investment of money by the Museum in accordance with subsection 18(3) of the Commonwealth Authorities and Companies Act 1997 or paragraph 50(2)(b) of this Act.