24Payments to Commission

24.—(1.) The Commonwealth shall pay to the Commission from time to time sums as are necessary for the purposes of payment of amounts payable by the Commission in accordance with this Act.

(2.) The Commonwealth shall pay to the Commission such amounts as the Minister from time to time determines for the purpose of meeting additional administrative costs incurred by the Commission for the purposes of the performance of its functions under this Act, including costs incurred before the date on which this Act receives the Royal Assent.

(3.) The Commission shall, for the purposes of this Act, open and maintain a separate account with a bank approved by the Treasurer for the purposes of the operations of the Commission under this Act.

(4.) The Commission shall pay into the account all moneys received by it from the Commonwealth under sub-section (1.) of this section and any repayments received by it in the performance of its functions under this Act.

(5.) The moneys standing to the credit of the account shall be applied only for the purpose of making payments authorized by this Act to be made by the Commission.

Commission to provide moneys to registered persons.