Commonwealth Numbered Acts

BROADCASTING AND TELEVISION AMENDMENT ACT 1980 No. 143 of 1980 - SECT 13

13. Section 70 of the Principal Act is repealed and the following sections are
substituted: Application of moneys

"70. The moneys of the Commission shall be applied only-

   (a)  in payment of amounts properly payable in the performance of its
        functions; and

   (b)  in payment of remuneration or allowances payable to Commissioners.
        Estimates

"70A. (1) The Commission shall prepare estimates, in such form as the Minister
directs, of its receipts and expenditure 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.



"(2) The moneys of the Commission shall not be expended otherwise than in
accordance with estimates of expenditure approved by the Minister. Limitation
on contracts

"70B. The Commission shall not, without the approval of the Minister, enter
into a contract involving the payment or receipt of an amount exceeding
$250,000 or, if a higher amount is prescribed, that higher amount.".