Film Act 2001

Film Victoria must establish and maintain in an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth approved for the purpose by the Treasurer an account in the name of Film Victoria into which is paid all money received by or paid to Film Victoria other than any money to which subsection (3) applies.

Money standing to the credit of Film Victoria in the account established under this section may be applied by Film Victoria only for or towards the costs and expenses of or incidental to the performance of the functions or the exercise of the powers of Film Victoria under this Act.

This section does not apply to—

any money that must be paid into the Investment General Fund in accordance with section 19(2);

any money received or paid out by Film Victoria subject to and in accordance with the terms of a special trust.