239AInvestment of money in trust funds

#### 239A Investment of money in trust funds 239A Investment of money in trust funds > > (1) The Minister is to invest money in a trust fund— > > > > > (a) if the Minister is a GSF agency for the purposes of Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055)—in any way that the Minister is permitted to invest money under that Part, or > > > > > (b) if the Minister is not a GSF agency for the purposes of Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055)—in any way authorised for the investment of trust funds or approved by the Treasurer. > > > (2) The proceeds of investment of money in a trust fund is to be paid into that fund. > > > (3) Money in the trust funds may be invested as a common pool. The proceeds of investments are to be distributed rateably among the trust funds that contributed money to the common pool according to the amount contributed. > > > (4) In subsection (3), trust fund includes the trust fund established under section 157. > > **s 239A:** Ins 1997 No 153, Sch 3. Am 2018 No 70, Sch 3.24 \[2\].