50
In forceAdditional financial assets
Part 4Investment of the Future Drought Fund
50 Additional financial assets
An asset is taken to be an investment of the Future Drought Fund if the Future Fund Board becomes the holder of the financial asset as a result of:
(a)
the Board’s holding of an investment of the Fund; or
(b)
the exercise of any rights or powers conferred on the Board in its capacity as the holder of an investment of the Fund.
This Act’s bill:Explanatory memorandumSecond reading speech
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