Victorian Consolidated Legislation

Film Act 2001 - SECT 20

Account

20. Account



(1) Film Victoria must establish and maintain in an authorised deposit-taking
institution within the meaning of the Banking Act 1959 of the Commonwealth
approved for the purpose by the Treasurer an account in the name of Film
Victoria into which is paid all money received by or paid to Film Victoria
other than any money to which subsection (3) applies.

(2) Money standing to the credit of Film Victoria in the account established
under this section may be applied by Film Victoria only for or towards the
costs and expenses of or incidental to the performance of the functions or the
exercise of the powers of Film Victoria under this Act.

(3) This section does not apply to-

   (a)  any money that must be paid into the Investment General Fund in
        accordance with section 19(2);

   (b)  any money received or paid out by Film Victoria subject to and in
        accordance with the terms of a special trust.

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