Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 181

  (1)   Money held by Indigenous Business Australia shall be applied only:

  (a)   in payment or discharge of the costs, expenses and other obligations incurred by Indigenous Business Australia in the performance of its functions or the exercise of its powers under this Act or any other law;

  (b)   in payment of any remuneration and allowances payable to any person under this Act or any other law; and

  (c)   in making any other payments which Indigenous Business Australia is authorised or required to make under this Act or any other law.

  (2)   In this section:

"money held by Indigenous Business" Australia does not include:

  (a)   money held in trust by Indigenous Business Australia; or

  (b)   money in the New Housing Fund.