Management of investments of the DisabilityCare Australia Fund
28 Management of investments of the DisabilityCare Australia Fund
Income derived from an investment of the DisabilityCare Australia Fund is to be credited to the DisabilityCare Australia Fund Special Account.
A return of capital, or any other financial distribution, relating to an investment of the DisabilityCare Australia Fund is to be credited to the DisabilityCare Australia Fund Special Account.
The Future Fund Board may realise an investment of the DisabilityCare Australia Fund.
Upon realisation of an investment of the DisabilityCare Australia Fund, the proceeds of the investment are to be credited to the DisabilityCare Australia Fund Special Account.
At any time before an investment of the DisabilityCare Australia Fund matures, the Future Fund Board may authorise the re‑investment of the proceeds upon maturity in a financial asset investment with the same entity. The new investment is taken to be an investment of the DisabilityCare Australia Fund.
Section 58 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by the Commonwealth) does not apply to an investment of the DisabilityCare Australia Fund.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.