New South Wales Consolidated Acts

AGRICULTURAL LIVESTOCK (DISEASE CONTROL FUNDING) ACT 1998 - SECT 26

26 Investment of money in industry funds

(1) The fund administrator for an industry fund is (subject to any directions of the Minister) to invest money in the fund:

(a) in the manner authorised by the Public Authorities (Financial Arrangements) Act 1987 , or

(b) if that Act does not confer power on the fund administrator to invest the money-in any manner approved by the Treasurer.

(2) The proceeds of investment of money in an industry fund are to be paid into that fund.

(3) Money in all or any of the industry funds may be invested as a common pool. The proceeds of investment are to be distributed among the industry funds that contributed money to the common pool according to the amount contributed.