CTHRepealedAct
Australian Communications Authority Act 1997
44Application and investment of money held by the ACA
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##### 44 Application and investment of money held by the ACA
(1) The money of the ACA may only be applied:
(a) in payment or discharge of the costs, expenses and other obligations incurred by the ACA in the performance of its functions or the exercise of its powers; and
(b) in payment of any remuneration or allowances payable under this Act; and
(c) in making any other payments which the ACA is authorised or required to make under this Act or any other law.
(2) Subsection (1) does not prevent the investment of surplus money of the ACA under section 18 of the Commonwealth Authorities and Companies Act 1997.