Securities lending arrangements
49 Securities lending arrangements
The Future Fund Board may enter into securities lending arrangements for a purpose in connection with the Medical Research Future Fund.
Any money received by the Future Fund Board under a securities lending arrangement entered into under subsection (1) is to be credited to the Medical Research Future Fund Special Account.
To avoid doubt, a securities lending arrangement entered into under subsection (1) may provide for the Future Fund Board to realise an investment of the Medical Research Future Fund.
A financial asset is taken to be an investment of the Medical Research Future Fund if, as the result of the operation of a securities lending arrangement entered into under subsection (1), the Future Fund Board becomes the holder of the financial asset.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.