HEALTH SERVICES ACT 1997 - SECT 38 Investments

HEALTH SERVICES ACT 1997 - SECT 38

38 Investments

(cf AHS Act s 31)

(1) A local health district may invest money held by it--

(a) if the local health district is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018 --in any way that the local health district is permitted to invest money under that Part, or

(b) if the local health district is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018 --in any way authorised for the time being for the investment of trust funds and in any other way approved by the Minister with the concurrence of the Treasurer.

(2) A local health district may at any time dispose of any of its investments and apply the proceeds for the purpose of exercising its functions.

(3) This section is, in relation to the investment of any funds, subject to the terms of any trust applying to those funds.