(1)

The Commission is to prepare estimates, in accordance with Australian Transport Council directions, of the Commission's receipts and expenditure for each financial year and, if the Australian Transport Council so directs, for any other period specified by the Australian Transport Council.

(2)

The Commission must submit estimates so prepared to the Australian Transport Council not later than such date as the Australian Transport Council directs.

(3)

Except with the consent of the Australian Transport Council, the money of the Commission must not be spent otherwise than in accordance with:

(a) the applicable strategic plan under section 23; and
(b) any applicable work program provided for in the Agreement.

(4)

A direction, consent or approval for the purposes of this section is to be given by resolution of the Australian Transport Council carried in accordance with the Agreement.