sec.20Investment powers of Corporation

### sec.20 Investment powers of Corporation Subject to subsections (2) and (3) , the Corporation in the attainment of its objectives and the discharge of its functions under this Act, has the power by way of investment, on its own behalf or on behalf of any other person, either by itself or by any person authorised by it to— purchase, acquire, take on lease, hire, sell, improve, subdivide, amalgamate, dispose of, exchange, lease, let, mortgage, charge, encumber, grant licences and other rights in connection with, and otherwise deal in any way with, real or personal property of any kind whatsoever and wheresoever situated and any interest therein, on such terms as the Corporation thinks fit; and deposit money with any financial institution, authorised dealer in the short-term money market with lines of credit with the Reserve Bank of Australia or a lender of last resort, or other financial entity or other person whatsoever; and carry on any business, enterprise or undertaking whatsoever; and invest moneys in investments of any kind whatsoever, whether secured or unsecured, including capital market investments, debentures, securities or other obligations of governments, government authorities and corporations, shares, stock, notes, certificates, provident funds, bonds, units or other interests in trusts, options, futures, currency transactions, secondary mortgage securities, mortgages over real or personal property and bills of exchange; and trade in any commodities; and construct, demolish, improve, maintain, develop, restore, work, manage, carry out, control or otherwise deal with any buildings, fixtures, works, roads, bridges, ways, services, earthworks, infrastructure or any other structure or improvement whatsoever or to assist in any of the foregoing; and enter into partnership or any arrangement for sharing of profits, union of interest, cooperation, joint venture, reciprocal concession or otherwise with any statutory body or other person in any undertaking, business, transaction or other investment, or act as a principal, agent, contractor, trustee or beneficiary in respect of any such undertaking, business, transaction or investment; and invest in such other investments, activities or undertakings as the Corporation thinks fit. The Governor in Council may at any time prior to the Corporation’s entering into an investment under this section impose limits on or determine conditions for that investment and the Corporation shall comply with such limits or conditions. When the Corporation invests funds on behalf of any statutory body or person, it shall invest those funds in accordance with any directions or guidelines given to it by the statutory body or person, but if no such direction or guideline is given, then as the Corporation thinks fit. A failure by the Corporation to comply with subsections (2) and (3) shall not invalidate the relevant investment which shall be enforceable by all the parties thereto in accordance with its terms. s 20 amd 1995 No. 58 s 4 sch 1 ; 1997 No. 17 s 46 (sec.20-ssec.1) Subject to subsections (2) and (3) , the Corporation in the attainment of its objectives and the discharge of its functions under this Act, has the power by way of investment, on its own behalf or on behalf of any other person, either by itself or by any person authorised by it to— purchase, acquire, take on lease, hire, sell, improve, subdivide, amalgamate, dispose of, exchange, lease, let, mortgage, charge, encumber, grant licences and other rights in connection with, and otherwise deal in any way with, real or personal property of any kind whatsoever and wheresoever situated and any interest therein, on such terms as the Corporation thinks fit; and deposit money with any financial institution, authorised dealer in the short-term money market with lines of credit with the Reserve Bank of Australia or a lender of last resort, or other financial entity or other person whatsoever; and carry on any business, enterprise or undertaking whatsoever; and invest moneys in investments of any kind whatsoever, whether secured or unsecured, including capital market investments, debentures, securities or other obligations of governments, government authorities and corporations, shares, stock, notes, certificates, provident funds, bonds, units or other interests in trusts, options, futures, currency transactions, secondary mortgage securities, mortgages over real or personal property and bills of exchange; and trade in any commodities; and construct, demolish, improve, maintain, develop, restore, work, manage, carry out, control or otherwise deal with any buildings, fixtures, works, roads, bridges, ways, services, earthworks, infrastructure or any other structure or improvement whatsoever or to assist in any of the foregoing; and enter into partnership or any arrangement for sharing of profits, union of interest, cooperation, joint venture, reciprocal concession or otherwise with any statutory body or other person in any undertaking, business, transaction or other investment, or act as a principal, agent, contractor, trustee or beneficiary in respect of any such undertaking, business, transaction or investment; and invest in such other investments, activities or undertakings as the Corporation thinks fit. (sec.20-ssec.2) The Governor in Council may at any time prior to the Corporation’s entering into an investment under this section impose limits on or determine conditions for that investment and the Corporation shall comply with such limits or conditions. (sec.20-ssec.3) When the Corporation invests funds on behalf of any statutory body or person, it shall invest those funds in accordance with any directions or guidelines given to it by the statutory body or person, but if no such direction or guideline is given, then as the Corporation thinks fit. (sec.20-ssec.4) A failure by the Corporation to comply with subsections (2) and (3) shall not invalidate the relevant investment which shall be enforceable by all the parties thereto in accordance with its terms. - (a) purchase, acquire, take on lease, hire, sell, improve, subdivide, amalgamate, dispose of, exchange, lease, let, mortgage, charge, encumber, grant licences and other rights in connection with, and otherwise deal in any way with, real or personal property of any kind whatsoever and wheresoever situated and any interest therein, on such terms as the Corporation thinks fit; and - (b) deposit money with any financial institution, authorised dealer in the short-term money market with lines of credit with the Reserve Bank of Australia or a lender of last resort, or other financial entity or other person whatsoever; and - (c) carry on any business, enterprise or undertaking whatsoever; and - (d) invest moneys in investments of any kind whatsoever, whether secured or unsecured, including capital market investments, debentures, securities or other obligations of governments, government authorities and corporations, shares, stock, notes, certificates, provident funds, bonds, units or other interests in trusts, options, futures, currency transactions, secondary mortgage securities, mortgages over real or personal property and bills of exchange; and - (e) trade in any commodities; and - (f) construct, demolish, improve, maintain, develop, restore, work, manage, carry out, control or otherwise deal with any buildings, fixtures, works, roads, bridges, ways, services, earthworks, infrastructure or any other structure or improvement whatsoever or to assist in any of the foregoing; and - (g) enter into partnership or any arrangement for sharing of profits, union of interest, cooperation, joint venture, reciprocal concession or otherwise with any statutory body or other person in any undertaking, business, transaction or other investment, or act as a principal, agent, contractor, trustee or beneficiary in respect of any such undertaking, business, transaction or investment; and - (h) invest in such other investments, activities or undertakings as the Corporation thinks fit.