A fund in which undisclosed assets are held for future use, especially by a government department or other statutory authority.
the $1.2 billion surplus was one of the juiciest hollow logs available to any government in Australia
Example sentencesExamples
So long as a gold stock is not a "hollow log", stocks in the gold sector appear poised for further gains.
This financial bonanza for the institution is a handsome contribution to a hollow log.
Each department was setting up their own hollow log accounts, trying to hide things and spend money as it suited them.
The failure to stop successive governments from raiding hollow logs is perhaps a major indictment.
After all their parking meter teams - not content with charging citizens to park in front of their own houses - are seeking out every hollow log to find revenue.
There will be barely a hollow log left in Canberra after this cash bonanza.
We can just sit and hope that there is a hollow log somewhere which can preserve the banks' liquidity.
The Queensland Government has at least $20m stuffed away in a hollow log from that source alone.
It's one of the last great government's hollow logs.
The government has now largely milked the budget of accounting fiddles and hollow logs.