New South Wales Consolidated Acts

NATURE CONSERVATION TRUST ACT 2001 - SECT 28

28 Trust to establish accounts

(1) The Trust is to establish, with one or more authorised deposit-taking institutions, such accounts (the "Trust Accounts") as it thinks appropriate for the money received and expended by the Trust.

(2) There is to be paid into the Trust Accounts:

(a) all money received by or on account of the Trust, and

(b) all interest received in respect of the investment of money belonging to the Trust, and

(c) all money borrowed by or advanced to the Trust, and

(d) all money directed to be paid into the Trust Accounts by or under this or any other Act.

(3) The money in the Trust Accounts may, subject to the terms of any trust or condition affecting that money or any part of it, be applied for any one or more of the following purposes:

(a) providing the remuneration of the members of the Board and the Chief Executive Officer and other staff of the Trust,

(b) discharging the liabilities incurred by the Trust in the exercise of its functions,

(c) any other purpose authorised by or under this or any other Act.