Commonwealth Numbered Acts

ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 67

67. (1) There is established by this subsection a fund to be known as the
Housing Fund.

(2) There shall be paid into the Housing Fund:

   (a)  such amounts as are appropriated to the Commission for the purposes of
        the Housing Fund; and

   (b)  such amounts as are paid to the Commission as repayment of, or
        otherwise in respect of:

        (i)    loans made by the Commission under section 16;

        (ii)   loans made by the Aboriginal Development Commission under
               section  25  of the Aboriginal Development Commission Act 1980;
               or

        (iii)  loans made by the Aboriginal Loans Commission under section 25
               of the Aboriginal Loans Commission Act 1974.

(3) Money in the Housing Fund may only be applied in making loans under
subsection 16 (1) or (2) or payments under subsection 16 (3).

(4) The Commission shall prepare estimates of the receipts of, and expenditure
from, the Housing Fund for each financial year and, if the Minister so
directs, for any other period specified by the Minister, and the Commission
shall submit estimates so prepared to the Minister not later than such date as
the Minister directs.

(5) Money in the Housing Fund shall not be spent otherwise than in accordance
with estimates of expenditure approved by the Minister.

(6) Money in the Housing Fund that is not immediately required for the
purposes of the Housing Fund may be invested:

   (a)  on deposit with an approved bank;

   (b)  in Commonwealth securities; or

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