Document ID: chunk:federal_register_of_legislation:C2016C00418:clause:10_297
Version: federal_register_of_legislation:C2016C00418
Segment Type: clause
Provision Reference: sch 10 cl 297
Character Range: 473478–474002

297  Subsection 203CB(2)
Repeal the subsection, substitute:

Investment
 (2) The representative body may invest money received by it under this Division if:
 (a) the money is not immediately required for the purposes of the body; and
 (b) the money is invested:
 (i) on deposit with a bank, including a deposit evidenced by a certificate of deposit; or
 (ii) in securities of, or securities guaranteed by, the Commonwealth, a State or a Territory; or
 (iii) in any other manner approved by the Finance Minister in writing.