Commonwealth Numbered Acts

AUSTRALIAN RENEWABLE ENERGY AGENCY ACT 2011 (NO. 151, 2011) - SECT 67

             (1)  ARENA's money consists of:

                     (a)  money paid to ARENA under section 65; and

                     (b)  any other money received by ARENA.

             (2)  ARENA's money is to be applied only:

                     (a)  in providing financial assistance in accordance with this Act; and

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

                     (c)  in payment or discharge of any other expenses, charges, obligations and liabilities incurred or undertaken by ARENA in the performance of its functions and the exercise of its powers.

             (3)  ARENA's money must not be applied in payment of the salaries and allowances of, or other costs associated with, the staff referred to in section 62.

             (4)  Subsection (2) does not prevent investment of surplus money of ARENA under section 18 of the Commonwealth Authorities and Companies Act 1997 .