Australian Capital Territory Numbered Acts

TERRITORY OWNED CORPORATIONS (NO. 87 OF 1991) - SECT 8

8. (1) The amounts that, immediately before 1 January 1992—

        (a)     stood to the credit of—

              (i)     the Totalcare Industries Trust Account; or

              (ii)     the Australian Capital Territory Totalcare Industries Advance Account; or

        (b)     represented the undrawn balance of moneys consisting of working capital and capital advance, being moneys included in moneys appropriated by the Appropriation Act 1991-92 for the purposes of the Totalcare Industries Trust Account;

shall be paid into the Consolidated Revenue Fund.

(2) To the extent that the amounts referred to in subsection (1) are moneys that, immediately before 1 January 1992, were lawfully available for the purposes of the Totalcare Industries Trust Account, then to that extent, those amounts are by this Act appropriated from the Consolidated Revenue Fund for payment to Totalcare Industries Limited to be applied by that company for similar purposes.

(3) Where, immediately before 1 January 1992, an amount was payable to the Territory for the credit of the Totalcare Industries Trust Account but had not been paid into that account, the amount is payable into the Consolidated Revenue Fund and that amount is then, by this Act, appropriated from the Consolidated Revenue Fund for payment to Totalcare Industries Limited to be applied by that company for similar purposes.