Commonwealth Consolidated Acts

AUSTRALIAN NUCLEAR SCIENCE AND TECHNOLOGY ORGANISATION ACT 1987 - SECT 27

             (1)  There is payable to the Organisation such money as is appropriated by the Parliament for the purposes of the Organisation.

             (2)  The Finance Minister may give directions as to the amounts in which, and the times at which, money referred to in subsection (1) is to be paid to the Organisation.

             (3)  The money of the Organisation shall be applied only:

                     (a)  in payment or discharge of the expenses, charges, obligations and liabilities incurred or undertaken by the Organisation in the performance of its functions and the exercise of its powers;

                     (b)  in payment of remuneration and allowances payable under this Act (other than Part VIIA); and

                     (c)  in making any other payments required or permitted to be made by the Organisation.

                     (4)  Subsection (3) does not prevent investment of surplus money of the Organisation under section 18 of the Commonwealth Authorities and Companies Act 1997 .