Aboriginal Land Rights Act 1983

The New South Wales Aboriginal Land Council is to establish in an authorised deposit-taking institution an account named the “New South Wales Aboriginal Land Council Community Fund” into which is to be paid—

amounts of community development levy, and

additional amounts payable by the New South Wales Aboriginal Land Council under section 42U, and

any money paid to the New South Wales Aboriginal Land Council for the purposes of the Fund, and

any interest received in respect of the investment of money belonging to the Fund, and

any money directed to be paid into the Fund by or under this or any other Act.

There is payable from the Fund—

money for grants to a Local Aboriginal Land Council for the purpose of the management and acquisition of land, and

money for community benefit schemes for persons within the area of a Local Aboriginal Land Council, and

amounts of repayments of excess community development levy paid by Local Aboriginal Land Councils, and

amounts of excess payments made by the New South Wales Aboriginal Land Council under section 42U, and

amounts that become payable under section 42UA, and

any other payments authorised by or under this or any other Act.

In determining amounts to be paid from the Fund, the New South Wales Aboriginal Land Council must have regard to any applicable policy of the Council.

Money to the credit of the account may be invested in any manner in which the New South Wales Aboriginal Land Council Account may be invested.