Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AUSTRALIAN SPORTS COMMISSION ACT 1989 - SECT 47

Contracts

             (1)  The Commission shall not, except with the written approval of the Minister:

                     (a)  enter into a contract involving the payment or receipt by the Commission of an amount exceeding $500,000; or

                     (b)  enter into a lease of land for a period of 10 years or more.

             (2)  Paragraph (1)(a) does not apply to the investment of money by the Commission in accordance with subsection 18(3) of the Commonwealth Authorities and Companies Act 1997 .



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]