CIVIL AVIATION ACT 1988 - SECT 47 Application and investment of money
CIVIL AVIATION ACT 1988 - SECT 47
Application and investment of money(1) CASA's money may only be applied:
(a) in payment or discharge of the expenses, charges, obligations and liabilities incurred or undertaken by CASA in, or in connection with, the performance of its functions or the exercise of its powers; and
(b) in payment of any remuneration or allowances payable under this Act.
(2) Subsection ( 1) does not prevent investment, under
section 59 of the
Public Governance, Performance and Accountability Act 2013 , of money that is
not immediately required for the purposes of CASA.