63Housing Account

#### 63 Housing Account 63 Housing Account (cf Act No 163, 1985, s 8) > > (1) There is to be established a Housing Account in the Special Deposits Account. > > > (2) The Housing Account is to consist of— > > > > > (a) all money advanced to the Corporation by the Treasurer or appropriated by Parliament for the purposes of the Corporation, and > > > > > (b) all money received in respect of land sold or leased by the Corporation under this Act, and > > > > > (c) all money directed or authorised to be paid into the Housing Account by or under this or any other Act, and > > > > > (d) all money received by the Corporation from any other source (other than money required to be paid into the Housing Reserve Fund). > > > (3) The Housing Account is to be applied for the purpose of enabling the Corporation to exercise its functions. > > > (4) All expenditure incurred by the Corporation, including salaries, is to be met from the Housing Account. > > > (5) The Corporation is to keep a separate account within the Housing Account in respect of the following— > > > > > (a) money transferred to the Corporation by the operation of Schedule 3 that was, immediately before the transfer, held by the Home Purchase Assistance Authority and provided to the Authority under a Commonwealth State agreement to be used for the purposes of mortgage assistance, > > > > > (b) all money made available to the Corporation under section 64. > > **s 63:** Am 2019 No 14, Sch 1.10\[1\]–\[3\].