36General Account

36 General Account

(1) Alpine Resorts Victoria must keep an account to be called the General Account.

(2) Alpine Resorts Victoria must ensure that there is paid into the General Account—

(a) all contributions, fees and charges received or recovered by Alpine Resorts Victoria under this Act or any other Act; and

(b) all other money received by Alpine Resorts Victoria or on Alpine Resorts Victoria's behalf.

(3) Alpine Resorts Victoria may pay money out of its General Account—

(a) to meet any expenses incurred in carrying out its functions or powers; and

(b) in paying or repaying money borrowed by it under this Act or the Crown Land (Reserves) Act 1978, together with any charges or interest on that money; and

(c) in paying remuneration or expenses to which the directors of the Board or staff of Alpine Resorts Victoria or any members of committees are entitled; and

(d) for any other purposes authorised by this Act or the Crown Land (Reserves) Act 1978.

(4) Subject to section 19, Alpine Resorts Victoria may expend or apply revenue in the General Account received or collected under this Act or any other Act in any manner it sees fit, despite anything to the contrary in section 15 of the Crown Land (Reserves) Act 1978.

S. 37 substituted by No. 9/2022 s. 16.