Document ID: chunk:federal_register_of_legislation:C2005A00117:clause:1_158zq
Version: federal_register_of_legislation:C2005A00117
Segment Type: clause
Provision Reference: sch 1 cl 158ZQ
Character Range: 13605–14306

158ZQ  Derivatives

 (1) The responsible Ministers may authorise the acquisition of a derivative for the purpose of:
 (a) enhancing or protecting the value of an investment of the Fund (other than a derivative); or
 (b) enhancing or protecting the return on an investment of the Fund (other than a derivative).

 (2) A derivative acquired under subsection (1) is taken to be an investment of the Fund.

 (3) A derivative acquired under subsection (1) is to be held in the name of the Commonwealth.

 (4) The cost of acquiring a derivative under subsection (1) is to be debited from the Fund Account.

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