25Application of money of Corporation etc.

25 Application of money of Corporation etc.

(1) The money of the Corporation may be applied only:

(a) in payment or discharge of the expenses, charges, obligations and liabilities incurred or undertaken by the Corporation in or in connection with the performance of its functions, or the exercise of its powers, under this Act;

(aa) in payment to the Commonwealth of amounts equal to the expenses incurred by the Commonwealth in relation to:

(i) the collection or recovery of amounts of levy referred to in subsection 23(1); or

(ii) the administration of section 23;

(b) in payment of any remuneration, allowances, fees or expenses payable under this Act; and

(c) in making any other payments that the Corporation is authorised or required to make under this Act.

(1A) Subsection (1) does not prevent investment of surplus money of the Corporation under section 19 of the Commonwealth Authorities and Companies Act 1997. (2) The Corporation is liable to pay the expenses, and discharge the liabilities, incurred or undertaken by the Committee. (3) The Committee shall pay to the Corporation any money received by it.