Australian Catholic University (Queensland) Act 2007
sec.9Income of investment common funds
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sec.9 Income of investment common funds
The university must periodically distribute the income of an investment common fund among each fund forming the investment common fund (a component fund ), having regard to the share of each component fund in the investment common fund during the period in which the income is derived. Despite subsection (1) , the university may— add a part of the income of the investment common fund to the fund’s capital; or use a part of the income to establish or augment another fund to make provision against capital depreciation or reduction of income. (sec.9-ssec.1) The university must periodically distribute the income of an investment common fund among each fund forming the investment common fund (a component fund ), having regard to the share of each component fund in the investment common fund during the period in which the income is derived. (sec.9-ssec.2) Despite subsection (1) , the university may— add a part of the income of the investment common fund to the fund’s capital; or use a part of the income to establish or augment another fund to make provision against capital depreciation or reduction of income.
- (a) add a part of the income of the investment common fund to the fund’s capital; or
- (b) use a part of the income to establish or augment another fund to make provision against capital depreciation or reduction of income.