Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The moneys of the Library shall be applied only:
(a) in payment or discharge of the costs and expenses of the Library under this Act; and
(b) in payment of the remuneration, allowances and expenses of the members of the Council.
(2) Subsection ( 1) does not prevent investment, under subsection (3) of this section or section 59 of the Public Governance, Performance and Accountability Act 2013 , of money that is not immediately required for the purposes of the Library.
(3) In addition to investments authorised by section 59 of the Public Governance, Performance and Accountability Act 2013 , the Library may invest the following in any other form of investment:
(a) money accepted as a gift or bequest to the Library;
(b) money that the Library receives from the disposal of property given, devised, bequeathed or assigned to the Library by a person other than the Commonwealth;
(c) income received from an investment made under this subsection or from the disposal of such an investment.
Note: See subsection 7(3) for obligations of the Library as trustee of a trust.
(4) An investment under subsection (3), or the disposal of such an investment, must be in accordance with a policy in force under section 23.