New South Wales Consolidated Regulations

ABORIGINAL LAND RIGHTS REGULATION 2002 - REG 8

8 Disposition of mining royalties (section 46)

(1) Money to the credit of the Mining Royalties Account established under section 46 of the Act may be invested, pending its disbursement, in any manner for the time being authorised by law for the investment of trust funds.

(2) Money so credited must, unless the New South Wales Aboriginal Land Council by resolution otherwise determines in respect of any particular royalty in any year, be disbursed as soon as practicable after the end of each financial year of that Council.