17Funds of Authority

### 17 Funds of Authority > [*\[Section 17 Substituted by No. 47 of 2010, s. 9, Applied:01 Feb 2011\]*](/view/html/inforce/2011-02-01/act-2010-047#GS9@EN) > > > (1)  The Authority is to keep such authorised deposit-taking institution accounts as it considers necessary. > > > (2)  The funds of the Authority are to be paid to the credit of such of the accounts referred to in [subsection (1)](#GS17@Gs1@EN) as the Authority determines and are to consist of – > > > > > > (a) money received by way of fees, fines, penalties and charges paid to or recovered by the Authority; and > > > > > > > (b) any money borrowed by the Authority; and > > > > > > > (c) any money received by the Authority from other sources. > > > (3)  The funds of the Authority are to be applied – > > > > > > (a) in payment or discharge of the expenses, charges and obligations incurred or undertaken by the Authority in the performance of its functions and the exercise of its powers; and > > > > > > > (b) in the payment of any remuneration payable by the Authority. > > > (4)  The Authority may invest any money that it is holding in any manner in which a trustee is authorised by law to invest trust funds.