Commonwealth Numbered Acts

ABORIGINAL DEVELOPMENT COMMISSION ACT 1980 No. 34 of 1980 - SECT 54

54. (1) In this section, "commencing date" means the date on which the
Aboriginal Loans Commission Act 1974 is repealed.

(2) Where, on the commencing date, an amount is, by virtue of section 51,
payable to the Development Commission under, or by virtue of, a contract made
between the Loans Commission, or the corporation established by the Aboriginal
Enterprises (Assistance) Act 1968, and an Aboriginal body, the Development
Commission may, subject to the approval of the Minister, discharge the
Aboriginal body from liability to pay the whole or a part of that amount.

(3) A discharge under sub-section (2)-

   (a)  shall be by instrument under the common seal of the Development
        Commission;

   (b)  shall specify the amount in respect of which the liability of the
        Aboriginal body is discharged; and

   (c)  may be given on such terms and conditions (if any) as the Development
        Commission determines.

(4) Where a discharge is given under this section, the amount in respect of
which the liability of an Aboriginal body is discharged shall, for the
purposes of this Act, be deemed to be the grant of an amount equal to the
first-mentioned amount made under paragraph 24 (1) (c) on the terms and
conditions (if any) determined by the Commission under sub-section (3) of this
section.