152Local Aboriginal Land Council Accounts

#### 152 Local Aboriginal Land Council Accounts 152 Local Aboriginal Land Council Accounts (cf former section 31) > > (1) Each Local Aboriginal Land Council is to establish in an authorised deposit-taking institution an account (the Local Aboriginal Land Council’s Account). > > > (2) The following is to be deposited in the Local Aboriginal Land Council’s Account— > > > > > (a) money received from the New South Wales Aboriginal Land Council for or in respect of the acquisition of land, > > > > > (b) any other money received by the Local Aboriginal Land Council and not required by or under this or any other Act to be paid into any other account or fund. > > > (3) The following is to be paid from the Local Aboriginal Land Council’s Account— > > > > > (a) amounts required for the acquisition of land by the Council where that acquisition has been approved in accordance with this Act, > > > > > (b) amounts required to meet expenditure incurred by the Council in the execution or administration of this Act, including travelling and other allowances to Board members, > > > > > (c) any other payments authorised by or under this or any other Act. > > > (4) Money to the credit of the account may be invested— > > > > > (a) in any manner authorised by the regulations, and > > > > > (b) subject to any applicable policy of the New South Wales Aboriginal Land Council—in any manner in which the New South Wales Aboriginal Land Council Account may be invested. > > **s 152:** Ins 2001 No 118, Sch 1 \[17\]. Am 2013 No 66, Sch 1 \[41\]; 2014 No 75, Sch 1 \[50\].