Commonwealth Numbered Acts

PETROLEUM AND MINERALS AUTHORITY ACT 1973 No. 43, 1974 - SECT 32

32. (1) The Treasurer may make available to the Authority, out of moneys
appropriated by the Parliament for the purpose, such amounts as are, in the
opinion of the Minister, required by the Authority.

(2) The capital of the Authority consists of the amounts made available by the
Treasurer to the Authority under sub-section (1) less any amounts of capital
repaid by the Authority to Australia.

(3) Interest is not payable to Australia on the capital of the Authority.

(4) The capital of the Authority is repayable to Australia at such times and
in such amounts as the Minister, with the concurrence of the Treasurer,
determines.

(5) For the purposes of a determination under sub-section (4), the Minister
and the Treasurer shall have regard to any advice that the Authority has
furnished to the Minister in relation to its financial affairs.