Rural Business Development Corporation Act 2000

An account called the Rural Business Development Corporation Operating Account (the Account) is to be established —

as an agency special purpose account under section 16 of the Financial Management Act 2006; or

with the approval of the Treasurer, at a bank as defined in section 3 of that Act,

The Account is to be charged with —

the costs of the administration of this Act;

the payment of moneys given by the Corporation as, or for the purposes of, financial assistance under approved assistance schemes;

the payment of remuneration and allowances to directors;

the payment of any moneys required to be paid under an arrangement referred to in section 22(3);

interest on, and repayment of, moneys borrowed by the Authority under section 25 or 26, and any fees payable in connection with the borrowing of those moneys; and

all other expenditure lawfully incurred under or for the purposes of this Act.