CTHRepealedAct
Securities Industry Act 1980
122DCInterest and profits from investment of Fund
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##### 122DC Interest and profits from investment of Fund
(1) The interest and profits from time to time accruing from the investment of the Fund shall be applied by the Corporation to pay:
(a) the expenses incurred in the administration of the Fund, including the salaries and wages of persons employed by the Corporation or the Board in relation to the Fund; and
(b) all premiums payable in respect of contracts of insurance or indemnity entered into by the Corporation under section 122ZC.
(2) An amount of interest or profit that accrues from the investment of the Fund and is not immediately required for the purposes referred to in subsection (1) shall be paid into the Fund.