New South Wales Consolidated Acts

ART GALLERY OF NEW SOUTH WALES ACT 1980 - SECT 14

14 Endowment

(1) For the purpose of providing a statutory fund to be applied by the Trust towards:

(a) the purchase and acquisition of works of art,

(b) the remuneration, if any, to be paid under clause 5 of Schedule 1 to trustees, deputies of trustees and members of committees established under section 8 (7) who are not trustees, and

(c) subject to subsection (2), other expenditure incurred by the Trust,

there shall be paid by the Treasurer to the Trust an annual endowment of such amount as Parliament approves.

(2) The statutory fund referred to in subsection (1) may not be applied towards:

(a) the remuneration of persons employed under Chapter 1A of the Public Sector Employment and Management Act 2002 to enable the Trust to exercise its functions, or

(b) general operating expenses, including those related to the maintenance of any property of the Trust.

(3) The annual endowment referred to in subsection (1) shall be paid by such instalments as the Treasurer thinks fit.

(4) Any money payable by the Treasurer under this section shall be paid out of money provided by Parliament.