CTHRepealedAct
Australian Sports Drug Agency Act 1990
62Contracts
Start here
Get a plain-English read of 62
Turn the raw legal text into a practical explanation grounded in Australian Sports Drug Agency Act 1990.
#### 62 Contracts
(1) The Agency must not, except with the Minister’s written approval:
(a) enter into a contract involving the payment by the Agency of an amount exceeding $200,000 or, if a higher amount is specified in the regulations, that higher amount; or
(b) enter into a lease of land for a period of 10 years or more.
(2) Paragraph (1)(a) does not apply to the investment of money by the Agency in accordance with section 18 of the Commonwealth Authorities and Companies Act 1997.