New South Wales Consolidated Acts

GARVAN INSTITUTE OF MEDICAL RESEARCH ACT 1984 - SECT 11

11 Institute Account

(1) The Board shall cause to be established with a bank, building society or credit union carrying on business in the State an account to be called the “Garvan Institute of Medical Research Account”.

(2) There shall be paid to the credit of the Account all money received by the Institute in connection with the administration of this Act.

(3) The Account may be applied by or with the authority of the Institute towards the requirements of the Institute.

(4) In this section, "Account" means the account established pursuant to subsection (1).