49Investment of money

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49 Investment of money

(1) The money of the Agency not immediately required for the purposes of the Agency must be invested: (a) on deposit with an approved bank; or (b) in Commonwealth securities; or (c) in any other manner approved by the Treasurer. (2) In subsection (1):

approved bank means:

(a) a bank as defined in subsection 5(1) of the Banking Act 1959; or
(b) another bank approved by the Treasurer, or by a person authorised by the Treasurer to give approvals under section 63E of the Audit Act 1901.

Section 49 - Construction Industry Reform and Development Act 1992 - Investment of money | Zoe