LEGAL CONTRIBUTION TRUST ACT 1967 - SECT 17
This legislation has been repealed.
LEGAL CONTRIBUTION TRUST ACT 1967 - SECT 17
17 . Investment of Guarantee Fund
(1) The Trust may,
with the approval of the Minister, invest that portion of the Guarantee Fund
that is not immediately required for the purposes of this Part —
(a) on
deposit with a bank in the State, bearing interest at a rate agreed between
the bank and the Trust;
(b) on
loan to the Treasurer at a rate of interest that is agreed with the Treasurer;
or
(c) as
trust funds may be invested under Part III of the Trustees Act 1962 .
(2) The Trust shall
apply the moneys resulting from investment under subsection (1) in the manner
provided by section 14.
[Section 17 inserted by No. 65 of 2003 s. 82.]