Commonwealth Consolidated Acts

AUSTRALIAN SPORTS COMMISSION ACT 1989 - SECT 45

             (1)  The money of the Commission shall be applied only:

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

                     (b)  in payment of remuneration and allowances payable under this Act.

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