Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014

The money of the APVMA is to be applied only:

in payment or discharge of the costs, expenses and other obligations incurred by the APVMA in the performance of its functions and the exercise of its powers; and

in payment of any remuneration or allowances payable under this Act; and

in making any other payments that the APVMA is authorised or required to make by or under any law of the Commonwealth, a State or a Territory that confers functions or powers on the APVMA.

Subsection (1) does not prevent investment, under section 59 of the Public Governance, Performance and Accountability Act 2013, of money that is not immediately required for the purposes of the APVMA.

The Commonwealth must pay to the APVMA an amount equal to the balance of the Australian Pesticides and Veterinary Medicines Special Account immediately before the commencement of this item.

An amount payable under subitem (1) is to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.

For the purposes of the Public Governance, Performance and Accountability Act 2013, the President is the accountable authority of the Commission.