LEGAL CONTRIBUTION TRUST ACT 1967 - SECT 53

This legislation has been repealed.

LEGAL CONTRIBUTION TRUST ACT 1967 - SECT 53

53 .         Expenditure

        (1)         Where the Minister approves of the payment, under section 14, of moneys from the Trust Interest Account, to the Society or to some other body charged with the functions of law reform, then, if those payments are made by the Trust, the Society or other body, as the case may be, shall maintain accounts of all moneys so received and of their expenditure and shall, at the conclusion of each financial year, cause those accounts to be audited by an accountant who is registered as a company auditor under the Corporations Act 2001 of the Commonwealth and deliver a copy of them to the Minister, the Trust and the Board and the Minister shall have them presented to both Houses of Parliament.

        [(2)         repealed]

        [Section 53 amended by No. 136 of 1976 s. 8; No. 98 of 1985 s. 3; No. 10 of 2001 s. 114.]