Victorian Consolidated Legislation

Film Act 2001 - SECT 38

Account

38. Account



(1) ACMI 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 ACMI into
which is paid all money received by or paid to ACMI other than any money to
which subsection (3) applies.

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

(3) This section does not apply to any money received or paid out by ACMI
subject to and in accordance with the terms of a special trust.

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