(1) The funds of the
Board consist of —
(a) fees
received by the Board; and
(b)
grants (if any) by the State, and all gifts and donations made to the Board,
but subject to any trusts declared in relation to the grants, gifts or
donations; and
(c)
penalties, costs and expenses received under section 24 or required to be
paid under section 123; and
(d)
other money or property lawfully received by the Board in connection with the
performance of its functions.
(2) The funds of the
Board may be applied —
(a) for
the purposes of the administration and enforcement of this Act, including the
remuneration of members of the Board and committees and of the registrar and
other persons engaged or employed by the Board; and
(b) for
the payment of examinations and reports in accordance with
section 101(4); and
(c) for
the furtherance of education, including public education, and research in
relation to the practice of medicine; and
(d) by
way of contribution to the Australian Medical Council and other professional
bodies for medical practitioners for the development by that Council or body
of professional standards; and
(e) for
any other purpose that the Board may recommend and the Minister may approve to
enable the Board to perform its functions.