Commonwealth Numbered Acts

NATIONAL COMPANIES AND SECURITIES COMMISSION ACT 1979 No. 173, 1979 - SECT 29

29. (1) Subject to sub-section (2), the moneys of the Commission may be
applied only-

   (a)  in payment or discharge of the expenses, charges, obligations or
        liabilities incurred or undertaken by the Commission or by the
        Companies and Securities Law Review Committee in or in connection with
        the performance of the functions or the exercise of the powers of the
        Commission or the performance of the functions of that Committee, as
        the case may be;

   (b)  in payment of any remuneration or allowances payable under this Act or
        payable to members of the
        Companies and Securities Law Review Committee; and

   (c)  in making any payments that the Commission is authorized or required
        to make to the Commonwealth, a State or a Territory in accordance with
        the Agreement or in accordance with arrangements made under the
        Agreement.

(2) Moneys of the Commission not immediately required for the purposes of the
Commission may be invested-

   (a)  on deposit with an approved bank; or

   (b)  in any other manner approved by the Ministerial Council.