Document ID: chunk:federal_register_of_legislation:C2023C00417:section:20
Version: federal_register_of_legislation:C2023C00417
Segment Type: section
Provision Reference: s 20
Character Range: 51417–52738

20  Restriction of investment activities
 (1) An NBN corporation must not invest money of the NBN corporation unless:
 (a) the investment is related to the supply, or prospective supply, of eligible services by the NBN corporation; or
 (b) both:
 (i) the investment is related to the supply, or prospective supply, of goods; and
 (ii) the goods are for use in connection with the supply, or prospective supply, of an eligible service by the NBN corporation; or
 (c) both:
 (i) the investment is in shares in a company; and
 (ii) the company carries on, proposes to carry on, or has the object of carrying on, a business that consists of or includes the supply of a carriage service; or
 (d) the investment is:
 (i) an investment in securities of the Commonwealth or of a State or Territory; or
 (ii) an investment in securities guaranteed by the Commonwealth, a State or a Territory; or
 (iii) a deposit with a bank, including a deposit evidenced by a certificate of deposit; or
 (iv) any other form of investment prescribed by rules made for the purposes of subparagraph 58(8)(a)(iii) of the Public Governance, Performance and Accountability Act 2013 (section 58 of that Act deals with investment by the Commonwealth).
 (2) Paragraphs (1)(c) and (d) apply both within and outside Australia.

Subdivision D—Transitional