Commonwealth Numbered Acts

CONSTRUCTION INDUSTRY REFORM AND DEVELOPMENT ACT 1992 No. 33 of 1992 - SECT 49

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

   (a)  on deposit with an approved bank; or

   (b)  in Commonwealth securities; or

   (c)  in any other manner approved by the Treasurer.

(2) In subsection (1):

"approved bank" means:

   (a)  a bank as defined in subsection 5(1) of the Banking Act 1959; or

   (b)  another bank approved by the Treasurer, or by a person authorised by
        the Treasurer to give approvals under section 63E of the
        Audit Act 1901.