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AUSTRALIAN SPORTS COMMISSION ACT 1989 - SECT 45 Application of money

AUSTRALIAN SPORTS COMMISSION ACT 1989 - SECT 45

Application of money

  (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, under section   59 of the Public Governance, Performance and Accountability Act 2013 , of money that is not immediately required for the purposes of the Commission.