111Investment of money of authority

111 Investment of money of authority

111 Investment of money of authority

(1) Money held by an authority may be invested—

(a) in any manner for the time being allowed by an Act for the investment of trust money,

(b) on deposit with the Treasurer,

(c) (Repealed)

(d) with the approval of the Minister and with the concurrence of the Treasurer, in any other manner.

(2) An approval or concurrence referred to in subsection (1) may be given for a particular case or for any class of cases.

s 111: Am 1996 No 24, Sch 1.