14Existing investment powers

#### 14 Existing investment powers 14 Existing investment powers > > (1) This clause applies if a GSF agency was an authority with an investment power (an existing investment power) under Part 1, 2, 3 or 4 of Schedule 4 to the [Public Authorities (Financial Arrangements) Act 1987](/view/html/repealed/current/act-1987-033). > > > (2) Subject to subclause (3), a GSF agency may exercise its existing investment powers for a period of 3 years after the replacement day for the [Public Authorities (Financial Arrangements) Act 1987](/view/html/repealed/current/act-1987-033). > > > > Note. > > > > This clause operates to authorise the exercise of existing investment powers without the need for a financial arrangement approval. See section 6.22 (2) (a) of this Act. > > > (3) The Treasurer may, by written order given to the accountable authority for a GSF agency, direct that subclause (2) is to cease to apply to some or all of the agency’s existing investment powers specified in the order. > > > (4) To avoid doubt, a reference to a GSF agency in this clause includes an entity that is a GSF agency only for the purposes of some or all of the provisions of Part 6 of this Act.