Commonwealth Development Corporation Act 1978
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
15 Financial duty of Corporation and application of surplus revenue.
(1) It shall be the duty of the Corporation so to exercise and perform its functions as to secure that its revenues are not less than sufficient to meet all sums properly chargeable to its revenue account, taking one year with another. (2) Any excess of the revenues of the Corporation for any financial year of the Corporation over the sums properly chargeable to its revenue account for that year shall be applied by the Corporation for such purposes as it may determine with the approval of the Minister given with the consent of the Treasury. (3) In this section the expression “sums properly chargeable to its revenue account” includes, without prejudice to the generality of that expression, provisions in respect of obligations of the Corporation— (a) under section 12 above; and (b) under section 14 or under any such directions as are referred to in that section.
15 Financial duty of Corporation and application of surplus revenue.
(1) It shall be the duty of the Corporation so to exercise and perform its functions as to secure that its revenues are not less than sufficient to meet all sums properly chargeable to its revenue account, taking one year with another. (2) Any excess of the revenues of the Corporation for any financial year of the Corporation over the sums properly chargeable to its revenue account for that year shall be applied by the Corporation for such purposes as it may determine with the approval of the Minister given with the consent of the Treasury. (3) In this section the expression “sums properly chargeable to its revenue account” includes, without prejudice to the generality of that expression, provisions in respect of obligations of the Corporation— (a) under section 12 above; and (b) under section 14 or under any such directions as are referred to in that section.
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