CTHRepealedAct
Coal Industry Act 1946
28SInvestment of money of Board
Start here
Get a plain-English read of 28S
Turn the raw legal text into a practical explanation grounded in Coal Industry Act 1946.
##### 28S Investment of money of Board
Money of the Board not immediately required for the purposes of the Board must be invested:
(a) in securities of, or guaranteed by the State, the Commonwealth or another State; or
(b) on deposit with an approved bank; or
(c) in any other way that is consistent with sound commercial practice.