253Investment

253 Investment S. 253(1) amended by Nos 99/1993 s. 23(1), 23/2022 s. 11(1). (1) An Authority other than a relevant Authority within the meaning of Division 4, may invest its money— S. 253(1)(a) amended by No. 104/1995 s. 6(Sch. 1 item 31). (a) in any manner in which money may be invested under the **Trustee Act 1958**; or (b) in any other manner that the Minister approves. (2) Section 4(2) of the **Trustee Act 1958** does not apply in relation to investments made under subsection (1)(a) of this section. S. 253(3) inserted by No. 99/1993 s. 23(2), amended by No. 23/2022 s. 11(2). (3) A relevant Authority within the meaning of Division 4 may invest its money in accordance with powers conferred on it under the **Borrowing and Investment Powers Act 1987**. S. 253A inserted by No. 110/1997 s. 23.