7Financial arrangements

#### 7 Financial arrangements 7 Financial arrangements > > (1) The trustees may, under and subject to Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055), enter into financial arrangements within the meaning of that Part. > > > (2) The trustees must invest money standing to the credit of the Fund that is available for investment through an investment manager or managers who undertake to invest and manage that money on behalf of the trustees. > > > (3) The trustees may appoint one or more investment managers for the purposes of this section. > > > (4) The trustees must not, from the assets of the Fund or in obtaining borrowings— > > > > > (a) lend money to a contributor for, or to a person entitled to or receiving, a benefit under this Act, either by lending the money directly or by lending it under arrangements entered into in the exercise of a general power of investment of the assets of the Fund, or > > > > > (b) borrow money or maintain an existing borrowing of money, whether by way of a secured or unsecured loan, otherwise than to obtain temporary finance, or > > > > > (c) invest any of the assets of the Fund otherwise than on an arms-length basis, unless it is an investment in an in-house asset within the meaning of Part 8 of the [Superannuation Industry (Supervision) Act 1993](http://www.legislation.gov.au/) of the Commonwealth. > > > (5) The trustees are taken to have complied with subsection (4) from 1 July 1990 to the commencement of that subsection. > > **s 7:** Am GG No 99 of 10.7.1981, p 3735. Subst 1991 No 95, Sch 3 (9). Am 1992 No 35, Sch 1; 1997 No 42, Sch 1.2 \[3\]; 2018 No 70, Sch 3.47 \[1\] \[2\].