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DUTIES ACT 2001 - SECT 130F What is a pool of financial assets

DUTIES ACT 2001 - SECT 130F

What is a pool of financial assets

130F What is a pool of financial assets

(1) A
"pool of financial assets" is a pool or collection of assets that consists solely of financial assets.
(2) Also, a
"pool of financial assets" is a pool or collection of assets that consists substantially or, if another extent is prescribed under a regulation, to the extent prescribed, of financial assets or amounts paid under financial assets, or a combination of them, if the other assets in the pool or collection are cash or an authorised investment.