Commonwealth Consolidated Acts

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AUSTRALIAN RENEWABLE ENERGY AGENCY ACT 2011 - SECT 67

Application of ARENA's money

  (1)   ARENA's money consists of:

  (a)   money paid to ARENA under section   65; and

  (b)   any other money received by ARENA.

  (2)   ARENA's money is to be applied only:

  (a)   in providing financial assistance in accordance with this Act; and

  (b)   in payment of remuneration and allowances payable under this Act; and

  (c)   in payment or discharge of any other expenses, charges, obligations and liabilities incurred or undertaken by ARENA in the performance of its functions and the exercise of its powers.

  (3)   ARENA's money must not be applied in payment of the salaries and allowances of, or other costs associated with, the staff referred to in section   62.

  (4)   Subsection   (2) does not prevent investment, under section   59 of the Public Governance, Performance and Accountability Act 2013 , of money that is not immediately required for the purposes of ARENA.



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