AI Summary of 915. Application of money received by Supervisory Authority
The Supervisory Authority is restricted in its use of funds received under this Chapter, allowing such money only for expenses properly incurred in performing its functions as specified. This encompasses a defined remit under the relevant sections of the Chapter.
Additionally, the Supervisory Authority may only utilise funds from the reserve fund, as outlined in section 919, expressly for the costs associated with its functions under sections 933 and 934. Any other funds received by the Authority are prohibited from being allocated for these specific purposes.
915. Application of money received by Supervisory Authority
(1) The Supervisory Authority shall not use the money received by it under this Chapter except for the purpose of meeting expenses properly incurred by it in performing its functions under this Chapter.
(2)The Supervisory Authority may use money set aside for or paid into the reserve fund in accordance with section 919 only for the purpose of meeting expenses incurred by it in performing its functions under sections 933 and 934, and may not use any other money received by it for that purpose.
(3)[deleted]