Commonwealth Consolidated Acts

INDEPENDENT SCHOOLS (LOANS GUARANTEE) ACT 1969 - SECT 5

(1)

For the purposes of the investment of moneys by an instrumentality of the Commonwealth that has power to invest moneys in securities guaranteed by the Commonwealth, a loan in relation to which a guarantee is given under this Act in respect of all repayments of principal moneys and all payments of interest shall be deemed to be a security guaranteed by the Commonwealth.

(2)

In this section, instrumentality of the Commonwealth means:

(a)

a body established by a law of the Commonwealth, of the Australian Capital Territory or of the Northern Territory of Australia; or

(b)

the trustee or trustees (whether incorporated or not) of a fund established by such a law.