Australian Capital Territory Repealed Acts

This legislation has been repealed.

CANBERRA INSTITUTE OF THE ARTS ORDINANCE 1988 - SECT 41

        (a)     in payment of discharge of the expenses, charges, obligations and liabilities incurred or undertaken by the Institute in the performance of its functions and the exercise of its powers;

        (b)     in payment of remuneration and allowances payable under this Ordinance; and

        (c)     in making any other payments required or permitted to be made by the Institute.

(2) The money of the Institute, other than trust money, shall be expended only in accordance with estimates approved by the Minister.

(3) Money of the Institute not immediately required for the purposes of the Institute may be invested—

        (a)     on deposit with the Reserve Bank of Australia or any other bank approved by the Treasurer;

        (b)     in securities of the Commonwealth; or

        (c)     in any other manner approved by the Treasurer.

Borrowing from the Commonwealth