EDUCATION AND CARE SERVICES NATIONAL REGULATIONS 2012 - REG 194
EDUCATION AND CARE SERVICES NATIONAL REGULATIONS 2012 - REG 194
194 . Investment of Authority Fund
For the purposes of
section 277 of the Law, the National Authority may invest the Authority
Fund —
(a) on
deposit with any bank; and
(b) in
securities of the Commonwealth or of a State or Territory; and
(c) in
securities guaranteed by the Commonwealth or a State or Territory; and
(d) in
any other manner that —
(i)
is consistent with sound commercial practice; and
(ii)
minimises the probability of capital losses over a
12 month period of investment —
to enhance the
capacity of the National Authority to discharge its liabilities, costs,
expenses and obligations.