15Investment of moneys held by Commission

15 Investment of moneys held by Commission

All moneys vested in the Commission as trustee pending application in accordance with the trust, or for the purpose of deriving income for application in accordance with the trust, may be invested by the Commission: (a) in securities of the Commonwealth; (b) in securities of the States; (c) in loans to local governing bodies in Australia; (d) upon mortgage of land in Australia of an estate in fee simple or upon mortgage of leasehold interests in such land; or (e) in any other manner for the time being allowed by any Act or State Act for the investment of trust funds in Australia.