Commonwealth Numbered Acts

WHEAT MARKETING AMENDMENT ACT 1986 No. 82 of 1986 - SECT 32

32. Section 55 of the Principal Act is amended by omitting sub-section (2) and
substituting the following sub-section:

"(2) Division 2 of Part XI of the Audit Act 1901 applies in relation to the
Board-

   (a)  as if the reference in sub-section 63D (1) of that Act to an approved
        bank or approved banks included a reference to the Reserve Bank of
        Australia;

   (b)  as if sub-section 63E (1) of that Act were omitted and the following
        sub-section were substituted:
'(1) Moneys of the authority held in relation to a season as defined in
sub-section 3 (1) of the Wheat Marketing Act 1984 not immediately required for
the purposes of the authority with respect to that season, or moneys of the
authority held otherwise than in relation to a season, may be invested-

   (a)  on deposit with an approved bank;

   (b)  in Commonwealth securities; or

   (c)  in any other manner approved by the Treasurer.';

   (c)  where an auditor of the Board has been appointed under sub-section 55A
        (6)-as if references in section 63G of that Act to the Auditor-General
        were references to the auditor so appointed; and

   (d)  as if section 63H of that Act were omitted.".