Commonwealth Numbered Acts

DEFENCE HOUSING AUTHORITY ACT 1987 No. 101 of 1987 - SECT 34

34. (1) The capital of the Authority at any time is the sum of:

   (a)  the values that have been determined under paragraph 33 (1) (d);

   (b)  any amounts that have been paid to the Authority out of money
        appropriated by the Parliament for the purpose of providing capital
        for the Authority; and

   (c)  any reserves resulting from the operations of the Authority (whether
        because of the retention of profits or otherwise) or from the
        revaluation of assets of the Authority; less the sum of:

   (d)  the amounts that have been determined under paragraph 33 (1) (e); and

   (e)  any amounts of capital that have been repaid to the Commonwealth by
        the Authority.

(2) Interest is not payable to the Commonwealth on the capital of the
Authority, but the capital of the Authority is repayable to the Commonwealth
at such times, and in such amounts, as the Minister determines, in writing.

(3) In making a determination under subsection (2), the Minister shall have
regard to any advice that the Authority has given in relation to its financial
affairs.