Queensland Consolidated Acts Queensland Consolidated Acts(1) The Treasurer shall cause to be established and kept--
(a) in the treasury department an account called the 'Treasury investment suspense account' for recording transactions about investments as mentioned in subsection (2)(a); and
(b) at a financial institution an account relating to the Treasury investment suspense account called the 'Treasury investment suspense financial-institution account' (TISFIA);
and, for the purposes of this Act, such accounts shall be taken to be respectively a departmental account and a departmental financial-institution account.
(2) Subject to this Act, the Treasurer may do all or any of the following--
(a) in relation to all or part of the net credit balance of the Treasurer's consolidated fund bank account and the departmental financial-institution accounts--
(i) make an investment under subsection (3) based on that balance at the time of the investment; and
(ii) pay moneys out of TISFIA to make the investment;
(b) in relation to the balance in the Treasurer's consolidated fund bank account--
(i) make an investment under subsection (3) based on that balance at the time of the investment; and
(ii) pay moneys out of the Treasurer's consolidated fund bank account to make the investment;
(c) in relation to the balance in a departmental financial-institution account--
(i) make an investment under subsection (3) based on that balance at the time of the investment; and
(ii) pay moneys out of the departmental financial-institution account to make the investment.
(2A) If, under an Act, agreement or otherwise, other moneys are held by or given to the Treasurer for investment or as security, the Treasurer may--
(a) pay the other moneys into TISFIA; and
(b) invest the other moneys and, for that purpose, pay moneys out of TISFIA.
(3) For subsections (2) and (2A), the Treasurer may make investments as follows--
(a) in securities of, guaranteed by, accepted by or endorsed by the Government of the Commonwealth or of a State;
(b) by way of a loan to, investment in or financial arrangement with any person or body authorised by any Act or law to borrow money from the Treasurer, on such security as the Treasurer thinks fit;
(c) with, or on deposit with, a bank, or in securities of, guaranteed by, accepted by or endorsed by a bank;
(d) with, or on deposit with, the Queensland Investment Corporation or the Queensland Treasury Corporation for investment in any fund of either of the corporations that the Treasurer considers appropriate;
(e) in such other securities as may be approved by the Governor in Council;
(f) by deposit on the security of any of the securities in which the Treasurer is permitted by this subsection to invest;
(g) in such other investments or financial arrangements as may be approved by the Governor in Council.
(4) However, if the Treasurer invests other moneys under subsection (2A), moneys received from the investment are moneys payable to the person entitled to the other moneys despite section 41A.