• Specific Year
    Any

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.