Document ID: chunk:federal_register_of_legislation:C2005A00117:clause:1_158zp
Version: federal_register_of_legislation:C2005A00117
Segment Type: clause
Provision Reference: sch 1 cl 158ZP
Character Range: 12424–13605

158ZP  Management of investments of the Fund

 (1) Income derived from an investment of the Fund is to be credited to the Fund Account.

 (2) A return of capital, or any other financial distribution, relating to an investment of the Fund is to be credited to the Fund Account.

 (3) Expenses of an investment of the Fund are to be debited from the Fund Account.

 (4) The responsible Ministers may authorise the realisation of an investment of the Fund.

 (5) Upon realisation of an investment of the Fund, the proceeds of the investment are to be credited to the Fund Account.

 (6) At any time before an investment of the Fund matures, the responsible Ministers may authorise the re‑investment of the proceeds upon maturity in an investment with the same entity.

Note: The proceeds of investment of the original investment will not become public money when the investment matures because the proceeds will not be received by or on behalf of the Commonwealth.

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

 (8) Section 39 of the Financial Management and Accountability Act 1997 does not apply to an investment of the Fund.