Western Australian Consolidated Acts

EDITH COWAN UNIVERSITY ACT 1984 - SECT 38

38 .         Powers of Council to invest

                Subject to section 38A in relation to moneys held on trust by the University for the purposes of the University, the Council —

            (a)         may invest any moneys standing to the credit of the Edith Cowan University Account that are not immediately required for the purposes of this Act in any securities that the Council thinks fit; and

            (b)         may sell and realise any security or reinvest the proceeds of any sale.

        [Section 38 inserted by No. 70 of 2003 s. 26.]