CTHRepealedAct
Pipeline Authority Act 1973
27Application of moneys
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#### 27 Application of moneys
(1) The moneys of the Authority may be applied by the Authority:
(a) in payment or discharge of the costs, expenses and other obligations of the Authority under this Act; and
(b) in payment of remuneration and allowances payable to any person under this Act;
but not otherwise.
(2) Moneys of the Authority not immediately required for the purposes of the Authority may be invested:
(a) on deposit with an approved bank;
(b) in securities of the Commonwealth; or
(c) in any other manner approved by the Treasurer.