New South Wales Consolidated Acts

HEALTH SERVICES ACT 1997 - SECT 59

59 Investments

(cf AHS Act s 31, PH Act s 29)

(1) A statutory health corporation may invest money held by it:

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

(b) if that Act does not confer power to invest money so held, in any manner authorised for the time being for the investment of trust funds and in any other manner approved by the Minister with the concurrence of the Treasurer.

(2) A statutory health corporation 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.