Western Australian Current Acts Western Australian Current Acts (1) The Borrowings for
Authorities Account established by section 11 of the repealed Act is hereby
continued in existence subject to this Act under the name of the Western
Australian Treasury Corporation Account.
(1a) The Corporation
shall credit to the Account —
(a)
moneys from time to time appropriated by Parliament for the purposes of this
Act;
(aa) any
amount required to be so credited under section 14(1) or 15(2);
(b) the
proceeds of investments made under subsection (2); and
(c) any
other amount lawfully received by the Corporation in the performance or
exercise of its functions or powers.
(1b) The Corporation
may apply the moneys credited to the Account —
(a) as
required by section 11;
(b) to
make any payment or repayment required under section 12(2) or 13(3);
(c) as
authorised by subsection (2) or section 14(2); or
(d) to
pay any other amount that is payable by the Corporation in the performance or
exercise of its functions or powers.
(2) Funds of the
Corporation may be invested, until they are required for the performance of
the Corporation’s functions, in such investments as the board
determines.
[Section 17 amended: No. 24 of 1992 s. 10; No. 25
of 1998 s. 19.]