Document ID: chunk:federal_register_of_legislation:C2005A00117:clause:1_158zo
Version: federal_register_of_legislation:C2005A00117
Segment Type: clause
Provision Reference: sch 1 cl 158ZO
Character Range: 11860–12424

158ZO  Investment of the Fund

 (1) The responsible Ministers may authorise the investment of money standing to the credit of the Fund Account in any financial asset.

 (2) Investments under subsection (1) are to be made in the name of the Commonwealth.

 (3) Investments under subsection (1) are taken to be investments of the Fund.

 (4) The Consolidated Revenue Fund is appropriated as necessary for the purposes of this section.

 (5) This section does not authorise the acquisition of a derivative.

Note: For acquisition of derivatives, see section 158ZQ.