Victorian Current Acts Victorian Current ActsS. 14(1) amended by No. 11/2001 s. 3(Sch. item 48.1).
(1) The Authority may open and maintain an account or accounts with an authorised deposit-taking institution or institutions within the meaning of the Banking Act 1959 of the Commonwealth and shall maintain at all times at least one such account.
(2) The Authority shall pay all moneys of the Authority into an account referred to in subsection (1).
(3) Subject to subsection (4) the moneys held by the Authority shall be applied only in payment or discharge of the costs and expenditure of the Authority under this Act.
(4) The Authority may invest moneys of the Authority in such manner as the Treasurer from time to time approves.
S. 15 amended by Nos 127/1993 s. 9(1), 40/2019 s. 77(3).