Document ID: chunk:federal_register_of_legislation:C2008A00090:clause:1_71
Version: federal_register_of_legislation:C2008A00090
Segment Type: clause
Provision Reference: sch 1 cl 71
Character Range: 16582–17432

71  Transitional—investment of public money

(1) If the corporation referred to in subsection 39(7) of the Financial Management and Accountability Act 1997 (as in force immediately before the commencement of item 44) held an investment under section 39 of that Act immediately before the commencement of that item, the investment is taken, on and after the commencement of that item, to be held by the Finance Minister on behalf of the Commonwealth.

(2) If the corporation referred to in subsection 39(8) of the Financial Management and Accountability Act 1997 (as in force immediately before the commencement of item 44) held an investment under section 39 of that Act immediately before the commencement of that item, the investment is taken, on and after the commencement of that item, to be held by the Treasurer on behalf of the Commonwealth.