s 79M
In forceAuthority money—separate funds for covered industries
Part 8AAdministration
Division 8A.2Finances
79M Authority money—separate funds for covered industries
(1)
The authority must establish and keep a separate fund for money of the authority in relation to each covered industry.
(2)
The money of the authority must be kept and applied in a way that enables the money of the authority that relates to each covered industry to be separately identified.
(3)
However the authority may establish a common fund—
(a)
to pay the costs, expenses or other obligations of the authority that relate to more than 1 covered industry; or
(b)
to invest the money of the authority in an investment for more than 1 covered industry.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.