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Education and Care Services National Regulations
194Investment of Authority Fund
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#### 194 Investment of Authority Fund
194 Investment of Authority Fund
> For the purposes of section 277 of the Law, the National Authority may invest the Authority Fund—
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> > (a) on deposit with any bank; and
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> > (b) in securities of the Commonwealth or of a State or Territory; and
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> > (c) in securities guaranteed by the Commonwealth or a State or Territory; and
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> > (d) in any other manner that—
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> > > (i) is consistent with sound commercial practice; and
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> > > (ii) minimises the probability of capital losses over a 12 month period of investment—
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> to enhance the capacity of the National Authority to discharge its liabilities, costs, expenses and obligations.