52Money of Authority

52 Money of Authority

(1) The money of the Authority consists of—

(a) levy amounts paid to the Authority; and

(b) proceeds from investments by the Authority; and

(c) other amounts received by the Authority.

(2) The money may be used for—

(a) payment of long service benefits; and

(b) payment of expenses incurred in the administration of this Act, including the remuneration and allowances of members of the Governing Board and payments relating to the employment of staff of the Authority; and

(c) payments for investments by the Authority; and

(d) other payments authorised under this Act or the regulations.