Commonwealth Numbered Acts

AUSTRALIAN HOUSING CORPORATION ACT 1975 No. 25 of 1975 - SECT 39

39. (1) Subject to this section, the moneys of the Corporation shall be
applied only-

   (a)  in payment or discharge of the expenses, charges, obligations and
        liabilities incurred or undertaken by the Corporation in accordance
        with this Act;

   (b)  in payment of any remuneration and allowance payable under this Act;
        and

   (c)  in making payments to Australia under a determination under section 
        40. 

(2) Moneys of the Corporation not immediately required for the purposes of the
Corporation may be invested-

   (a)  on fixed deposit with an approved bank;

   (b)  in securities of Australia; or

   (c)  in any other manner approved by the Treasurer.