Document ID: chunk:federal_register_of_legislation:C2025C00135:section:47
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 47
Character Range: 145412–146021

47  Ascertainment of income and outgoings of a statutory fund
 (1) The prudential standards may specify:
 (a) what constitutes income of a statutory fund; and
 (b) what constitutes outgoings of a statutory fund.
 (2) If prudential standards are made for the purposes of subsection (1), then, for the purposes of this Act:
 (a) what constitutes income of a statutory fund must be determined in accordance with the prudential standards; and
 (b) what constitutes outgoings of a statutory fund must be determined in accordance with the prudential standards.

Division 2—Duties and liabilities of directors etc.