Establishment of Aboriginal Trading Account
39 Establishment of Aboriginal Trading Account
An agency special purpose account called the Aboriginal Trading Account is established under section 16 of the Financial Management Act 2006.
The Aboriginal Trading Account consists of —
the proceeds of the disposal of or dealing with artifacts or other property acquired by the CEO from persons of Aboriginal descent; and
moneys from time to time appropriated by Parliament for the purpose, or advanced by the Treasurer in any case where the moneys otherwise standing to the credit of the Account would be insufficient for the purposes of this Act; and
such moneys as are at the date of the commencement of this Act, or may thereafter be, under the control of the CEO and are credited to the Account.
The amount of any advance made to the Account by the Treasurer, to the extent to which such advance is for the time being not repaid, is a charge on the Account.
The Account shall be controlled by the CEO and, subject to the approval of the Minister, may be administered and dealt with in such manner as the Treasurer may authorise.
[Section 39 amended: No. 98 of 1985 s. 3; No. 49 of 1996 s. 64; No. 28 of 2006 s. 349; No. 77 of 2006 Sch. 1 cl. 1(2) and (3).]
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.