Aboriginal Land Rights Act 1983

Each Local Aboriginal Land Council is to establish in an authorised deposit-taking institution an account (the Local Aboriginal Land Council’s Account).

The following is to be deposited in the Local Aboriginal Land Council’s Account—

money received from the New South Wales Aboriginal Land Council for or in respect of the acquisition of land,

any other money received by the Local Aboriginal Land Council and not required by or under this or any other Act to be paid into any other account or fund.

The following is to be paid from the Local Aboriginal Land Council’s Account—

amounts required for the acquisition of land by the Council where that acquisition has been approved in accordance with this Act,

amounts required to meet expenditure incurred by the Council in the execution or administration of this Act, including travelling and other allowances to Board members,

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

Money to the credit of the account may be invested—

in any manner authorised by the regulations, and

subject to any applicable policy of the New South Wales Aboriginal Land Council—in any manner in which the New South Wales Aboriginal Land Council Account may be invested.