QLDIn ForceAct
Statutory Bodies Financial Arrangements Act 1982
sec.60Management of statutory body’s funds by funds manager
Start here
Get a plain-English read of sec.60
Turn the raw legal text into a practical explanation grounded in Statutory Bodies Financial Arrangements Act 1982.
### sec.60 Management of statutory body’s funds by funds manager
Subject to a condition of the appointment, the funds manager may, for managing the investment of the statutory body’s funds, enter into a type 1 financial arrangement, type 2 financial arrangement or derivative transaction.
Subsection (1) does not authorise a funds manager to enter into a financial arrangement that the manager may not lawfully enter into, including, for example, under the manager’s trust deed or memorandum or articles of association.
s 60 ins 1996 No. 54 s 8
amd 2003 No. 12 s 14
(sec.60-ssec.1) Subject to a condition of the appointment, the funds manager may, for managing the investment of the statutory body’s funds, enter into a type 1 financial arrangement, type 2 financial arrangement or derivative transaction.
(sec.60-ssec.2) Subsection (1) does not authorise a funds manager to enter into a financial arrangement that the manager may not lawfully enter into, including, for example, under the manager’s trust deed or memorandum or articles of association.