Document ID: chunk:federal_register_of_legislation:C2007C00447:clause:1_62a
Version: federal_register_of_legislation:C2007C00447
Segment Type: clause
Provision Reference: sch 1 cl 62A
Character Range: 110745–111433

62A  Minimum investment amount

 (1) The Minister may, by writing, determine an amount (the investment amount) for the purposes of this section.

 (2) If, at any time while the determination is in effect, the total of the amounts that:
 (a) have been debited from the Account; and
 (b) are invested in accordance with section 39 of the Financial Management and Accountability Act 1997;
is less than the investment amount, the balance is to be available to be debited from the Account for the purpose of being so invested (and not for any other purpose).

 (3) A determination takes effect on the day specified in the determination.

 (4) A determination is not a legislative instrument.