103OAHome Building Insurers Guarantee Fund

#### 103OA Home Building Insurers Guarantee Fund 103OA Home Building Insurers Guarantee Fund > > (1) There is established a Fund, to be known as the Home Building Insurers Guarantee Fund. > > > (2) The Fund is, subject to this Act, under the direction, control and management of the Authority. > > > (3) The following is to be paid into the Fund— > > > > > (a) money contributed under section 103OB, > > > > > (b) the interest and any other amounts accruing from the investment of the Fund, > > > > > (c) money recovered by the Authority under this Part, including money recovered by the Authority by the exercise of a beneficiary’s rights assigned to the Authority under this Part, > > > > > (d) money borrowed for the purposes of the Fund, > > > > > (e) money required to be paid into the Fund by or under this or any other Act. > > > (4) The following is to be paid from the Fund— > > > > > (a) money required to be paid from the Fund by this Part, > > > > > (b) payments relating to the costs and expenses of the Authority incurred in or in connection with the exercise of its functions under this Part, > > > > > (c) repayments of money borrowed for the purposes of the Fund. > > > (5) The Authority may invest money in the Fund that is not immediately required for the purposes of the Fund— > > > > > (a) if the Authority 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 Authority is permitted to invest money under that Part, or > > > > > (b) if the Authority 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 approved by the Minister with the concurrence of the Treasurer. > > **s 103OA:** Ins 2017 No 28, Sch 1 \[52\]. Am 2018 No 70, Sch 3.32 \[2\].