New South Wales Consolidated Acts

SECONDARY MORTGAGE MARKET (STATE EQUITY PARTICIPATION) ACT 1985 - SECT 8

8 Certain money to be paid into the Consolidated Fund

(1) Where any shares acquired under the authority of this Act are sold, the Minister or, as the case may be, the prescribed statutory corporation shall, unless the Treasurer otherwise directs, cause the proceeds of sale to be paid into the Consolidated Fund.

(2) Where any amount by way of dividend, interest or other similar payment is paid in respect of shares acquired under the authority of this Act, the Minister or, as the case may be, the prescribed statutory corporation concerned shall, unless the Treasurer otherwise directs, cause that amount to be paid into the Consolidated Fund.