New South Wales Consolidated Acts

CATCHMENT MANAGEMENT AUTHORITIES ACT 2003 - SECT 31

31 Investment powers

(1) An authority has, in respect of its funds, the investment powers conferred on the authority by Part 3 of the Public Authorities (Financial Arrangements) Act 1987 .

(2) If Part 3 of that Act does not confer investment powers on an authority in respect of its funds or any particular funds, the authority may invest those funds:

(a) in any manner authorised for the investment of trust funds, or

(b) in any other manner approved by the Minister with the concurrence of the Treasurer.