Document ID: chunk:federal_register_of_legislation:C2013C00589:clause:1_219
Version: federal_register_of_legislation:C2013C00589
Segment Type: clause
Provision Reference: sch 1 cl 219
Character Range: 78083–78850

219  Subsections 6(1) and (2)
Repeal the subsections, substitute:

Investments
 (1) Amounts equal to income derived from the investment of an amount standing to the credit of the Account are to be credited to the Account.
Note: An amount standing to the credit of the Account may be invested in accordance with the Financial Management and Accountability Act 1997.

Fixed income—uninvested amounts
 (2) Within 28 days after the end of a financial year, there is to be credited to the Account, in respect of the financial year, an amount equal to the fixed‑income percentage of the uninvested amount standing to the credit of the Account as at the end of the financial year.
Note: The heading to section 6 is altered by omitting "Reserve" and substituting "Account".