149ANSW Aboriginal Land Council Community Fund

#### 149A NSW Aboriginal Land Council Community Fund 149A NSW Aboriginal Land Council Community Fund > > (1) The New South Wales Aboriginal Land Council is to establish in an authorised deposit-taking institution an account named the “New South Wales Aboriginal Land Council Community Fund” into which is to be paid— > > > > > (a) amounts of community development levy, and > > > > > (b) additional amounts payable by the New South Wales Aboriginal Land Council under section 42U, and > > > > > (c) any money paid to the New South Wales Aboriginal Land Council for the purposes of the Fund, and > > > > > (d) any interest received in respect of the investment of money belonging to the Fund, and > > > > > (e) any money directed to be paid into the Fund by or under this or any other Act. > > > (2) There is payable from the Fund— > > > > > (a) money for grants to a Local Aboriginal Land Council for the purpose of the management and acquisition of land, and > > > > > (b) money for community benefit schemes for persons within the area of a Local Aboriginal Land Council, and > > > > > (c) amounts of repayments of excess community development levy paid by Local Aboriginal Land Councils, and > > > > > (d) amounts of excess payments made by the New South Wales Aboriginal Land Council under section 42U, and > > > > > (d1) amounts that become payable under section 42UA, and > > > > > (e) any other payments authorised by or under this or any other Act. > > > (3) In determining amounts to be paid from the Fund, the New South Wales Aboriginal Land Council must have regard to any applicable policy of the Council. > > > (4) Money to the credit of the account may be invested in any manner in which the New South Wales Aboriginal Land Council Account may be invested. > > **s 149A:** Ins 2009 No 58, Sch 1 \[16\]. Am 2022 No 68, Sch 1\[14\].