Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) Subject to these regulations, the Board shall control the finances of the Canteen Service.
(2) The Board may from time to time allocate to the Managing Director or an employee of the Board so much of the funds of the Canteen Service as the Board, in its discretion, considers necessary for the administration and conduct of the part of the Canteen Service for which he is the agent of the Board.
(3) For the purpose of subregulation (2), funds means:
(a) moneys deposited with or otherwise owing by the Commonwealth or by a Department of the Australian Public Service;
(b) moneys in hand or at credit in any fixed deposit or current account with a bank; or
(c) drafts, bills of exchange and other negotiable instruments;
but does not include investments made by the Board, stock-in-trade, plant, machinery, other property, book debts, rights of action, claims or demands, appertaining to or arising out of the conduct of the Canteen Service, unless and until they are converted into money.