CTHRepealedAct
Nation-building Funds Act 2008
206Investment provisions do not apply to certain assets
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#### 206 Investment provisions do not apply to certain assets
Scope
(1) This section applies to an asset if:
(a) the asset is:
(i) a share; or
(ii) a debenture; or
(iii) a unit in a unit trust; or
(iv) any other financial asset; and
(b) the asset is held by the Commonwealth; and
(c) the asset was acquired:
(i) using money debited from the Education Investment Fund Special Account for the purpose mentioned in paragraph 136(1)(a), (b), (c) or (d); or
(ii) using money debited from the EIF Education Portfolio Special Account; or
(iii) using money debited from the EIF Research Portfolio Special Account.
Investment provisions do not apply
(2) Part 3.3 does not apply in relation to the asset.
(3) Section 58 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by the Commonwealth) does not apply in relation to the asset.