Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

ABORIGINAL DEVELOPMENT COMMISSION ACT 1980 No. 34 of 1980 - SECT 22

Payments to Capital Fund
22.(1) There shall be paid into the Capital Fund-

   (a)  any moneys appropriated by law for the purpose of providing capital
        for investment under this section; and

   (b)  any moneys received by the Commission by way of or as a result of a
        gift, devise or bequest, being moneys that, in the opinion of the
        Commission, are appropriate to be paid into that Fund.

(2) Moneys appropriated for the purpose specified in sub-section (1) shall be
paid into the Capital Fund as soon as practicable after the appropriation is
made.

(3) Moneys referred to in sub-section (1), and any moneys (other than income)
derived from investments made under this section, shall be invested in the
manner provided in paragraphs 37 (1) (a), (b) and (c).

(4) Moneys to which sub-section (3) applies shall not be dealt with otherwise
than in accordance with that sub-section. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback