Western Australian Current Acts

SCHOOL EDUCATION ACT 1999 - SECT 213X

213X .         Dealing with college funds on closure or amalgamation of a college

        (1)         If a student residential college is closed or amalgamated with another college —

            (a)         subject to subsection (2), moneys in a college fund are to be dealt with as the chief executive officer may direct; and

            (b)         the bank account for the fund may be operated by the chief executive officer for the purpose of giving effect to such a direction.

        (2)         However —

            (a)         money paid under a licence to which section 213K applies as a security for the performance of an obligation may only be applied in accordance with the licence; and

            (b)         subsection (1)(a) only applies to that money if the money has been forfeited under, and in accordance with, the licence.

        [Section 213X inserted: No. 41 of 2016 s. 11.]

        [Heading inserted: No. 41 of 2016 s. 11.]