100Investment of money in New South Wales Aboriginal Land Council Account

#### 100 Investment of money in New South Wales Aboriginal Land Council Account 100 Investment of money in New South Wales Aboriginal Land Council Account > > (1) Money to the credit of the New South Wales Aboriginal Land Council Account may be invested in any manner for the time being authorised by law for the investment of trust funds. > > > (2) The whole of the proceeds of any investment, including the interest earned on any investment, made by the New South Wales Aboriginal Land Council, whether the investment was made before or after the commencement of this Regulation, must be invested in accordance with this clause, and must not be disbursed, except as provided by the Act. > > > (3) The Minister may direct that any money that is the subject of a specified investment made by the New South Wales Aboriginal Land Council or of a specified class of investments so made, be realised immediately and that the proceeds be invested in accordance with this clause, and the New South Wales Aboriginal Land Council must comply with the direction. > > > (4) Money invested under this clause may be invested only in the name of the New South Wales Aboriginal Land Council, except to the extent that the Minister otherwise directs. > > > (5) A direction under this clause may be given unconditionally or subject to any conditions determined by the Minister. > > > (6) A reference in this clause to an investment made by the New South Wales Aboriginal Land Council extends to an investment made in trust for or otherwise made on behalf of the New South Wales Aboriginal Land Council. > > > (7) Any or all of the functions of the Minister under this clause may be exercised on behalf of the Minister by a person or persons— > > > > > (a) for the time being nominated by the Minister for the purpose, or > > > > > (b) holding or acting in a position or positions nominated by the Minister for the purpose.