27Internal loans between industry funds

27 Internal loans between industry funds

27 Internal loans between industry funds

(1) Money held in any industry fund (being money that is not yet required for the purposes of that fund) may be lent (by way of an internal loan) to any other industry fund if the Minister approves.

(2) (Repealed)

(3) The terms of the loan (including the time for repayment and any additional amount, in the nature of interest, that is to be paid) are to be as determined by the Minister.

(4) Before any such loan is made, the Minister is to have regard to any advice of the industry advisory committees concerned.

s 27: Am 2004 No 45, Sch 1 [28].