Western Australian Current Acts

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SETTLEMENT AGENTS ACT 1981 - SECT 105

105 .         Expenditure from account

                Moneys standing to the credit of the Interest Account are to be applied at such times as are prescribed —

            (a)         first, in payment of the costs involved in administering the Interest Account; and

            (b)         as to the balance remaining after payment under paragraph (a), by transfer in equal shares or such other proportions as are prescribed to the credit of —

                  (i)         the Fidelity Guarantee Account; and

                  (ii)         the General Purpose Account.

        [Section 105 inserted: No. 59 of 1995 s. 81; amended: No. 77 of 2006 Sch. 1 cl. 156(2); No. 46 of 2009 s. 15(3).]



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