Agricultural Livestock (Disease Control Funding) Act 1998
26Investment of money in industry funds
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26 Investment of money in industry funds
26 Investment of money in industry funds
(1) The fund administrator for an industry fund is (subject to any directions of the Minister) to invest money in the fund—
(a) if the fund administrator is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the fund administrator is permitted to invest money under that Part, or
(b) if the fund administrator is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.
(2) The proceeds of investment of money in an industry fund are to be paid into that fund.
(3) Money in all or any of the industry funds may be invested as a common pool. The proceeds of investment are to be distributed among the industry funds that contributed money to the common pool according to the amount contributed.
s 26: Am 2004 No 45, Sch 1 [26]; 2018 No 70, Sch 3.3.