CTHRepealedAct
Australian Securities and Investments Commission Act 1989
135How Commission’s money to be applied
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#### 135 How Commission’s money to be applied
(1) The Commission’s money may be applied only:
(a) in paying or discharging expenses, charges, obligations or liabilities that:
(i) the Commission;
(ii) the Panel;
(iii) the Disciplinary Board; or
(iv) the AASB;
incurs or undertakes in connection with performing or exercising any of its functions and powers;
(b) in paying remuneration or allowances payable under this Act (other than remuneration or allowances payable to members of the Advisory Committee);
(c) in connection with the provision, in accordance with subsection 112(2), of benefits to members;
(d) in connection with the provision, in accordance with subsection 114(4), of superannuation benefits; or
(e) in making, in respect of a full‑time member who is not an eligible employee, contributions under a superannuation or retirement scheme, however established.
(2) Nothing in subsection (1) limits the generality of anything else in that subsection.
(3) Subsection (1) does not prevent investment of surplus money of the Commission under section 18 of the Commonwealth Authorities and Companies Act 1997.
(4) This section and subsection 18(3) of the Commonwealth Authorities and Companies Act 1997 have effect subject to a provision that a national scheme law of this or any other jurisdiction makes about money or property that vests in the Commission under such a law.
(5) The Minister may by writing require the Commission to pay to the Commonwealth so much of the Commission’s money as:
(a) is not immediately required for the purposes of the Commission; and
(b) does not exceed a specified amount.
(6) The Commission shall comply with a requirement under subsection (5) and shall realise so much of the property in which money has been invested under subsection 18(3) of the Commonwealth Authorities and Companies Act 1997 as is necessary in order to so comply.
(7) Money paid by the Commission to the Commonwealth under subsection (5) shall form part of the Consolidated Revenue Fund.