QLDIn ForceAct
Financial Accountability Act 2009
sec.64Investments gifted or bequeathed to departments or statutory bodies
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### sec.64 Investments gifted or bequeathed to departments or statutory bodies
A department or statutory body may divest itself of an investment gifted or bequeathed to the department or statutory body only with the Treasurer’s approval.
However, the Treasurer may exempt a statutory body from requiring the Treasurer’s approval if the Treasurer is satisfied the statutory body has appropriate procedures in place for divesting itself of the investment.
(sec.64-ssec.1) A department or statutory body may divest itself of an investment gifted or bequeathed to the department or statutory body only with the Treasurer’s approval.
(sec.64-ssec.2) However, the Treasurer may exempt a statutory body from requiring the Treasurer’s approval if the Treasurer is satisfied the statutory body has appropriate procedures in place for divesting itself of the investment.