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.