Commonwealth Numbered Acts

AUSTRALIAN SPORTS COMMISSION ACT 1989 No. 12 of 1989 - SECT 49

49. (1) The money of the Commission not immediately required for the purposes
of the Commission may be invested:

   (a)  on deposit with an approved bank;

   (b)  in Commonwealth securities; or

   (c)  in any other manner approved by the Treasurer.
(2) In subsection (1), "approved bank" means a trading bank as defined in
subsection 5 (1) of the Banking Act 1959 or another bank approved by the
Treasurer or a person authorised by the Treasurer to give approvals under
section 63E of the Audit Act 1901.