31Management of investments of the Aboriginal and Torres Strait Islander Land and Sea Future Fund

31 Management of investments of the Aboriginal and Torres Strait Islander Land and Sea Future Fund

(1) Income derived from an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund is to be credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account. (2) A return of capital, or any other financial distribution, relating to an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund is to be credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account. (3) The Future Fund Board may realise an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund. (4) Upon realisation of an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund, the proceeds of the investment are to be credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account. (5) At any time before an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund matures, the Future Fund Board may authorise the re‑investment of the proceeds upon maturity in a financial asset investment with the same entity. The new investment is taken to be an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund. (6) Section 58 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by the Commonwealth) does not apply to an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund.