Returns on amounts appropriated for PSWC fund

In force

(1)

A public sector workers compensation appropriation, whether made before or after the commencement of this Act, is taken to be an appropriation of—

(a)

the amount stated in the appropriation; and

(b)

any returns received on the investment of the amount, or any part of it, under this Act.

(2)

Returns received by the Territory on an investment under this Act of an amount from a public sector workers compensation appropriation must be applied for the purposes for which the amount invested was appropriated.

(3)

Any fees or expenses reasonably incurred in making or managing an investment of an amount from a public sector workers compensation appropriation may be deducted from the investment.

This Act’s bill:Explanatory statement Second reading speech

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.

15 Returns on amounts appropriated for PSWC fund