Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

ROYAL AUSTRALIAN AIR FORCE VETERANS' RESIDENCES ACT 1953 - SECT 9

Investment of moneys

  (1)   The Trust may:

  (a)   invest moneys forming part of the Fund in securities of the Commonwealth, on deposit with a bank or in any other manner for the time being allowed by an Act or State Act for the investment of trust funds; and

  (b)   realize and convert into money the investments so made and any other property of the Fund.

  (2)   Section   59 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by corporate Commonwealth entities) does not apply to the Trust.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback