Commonwealth Consolidated Acts

AUSTRALIAN WAR MEMORIAL ACT 1980 - SECT 35

(1)

Subject to subsection 8(4), the Memorial shall not, without the approval of the Minister, enter into a contract under which the Memorial is to pay or receive:

(a)

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

(b)

in any other case—an amount exceeding $150,000 or, if a higher amount is for the time being prescribed for the purposes of this paragraph, that higher amount.

(2)

Subsection (1) does not apply to the investment of money by the Memorial in accordance with section 18 of the Commonwealth Authorities and Companies Act 1997 .