Investments
59 Investments
(cf AHS Act s 31, PH Act s 29)
A statutory health corporation may invest money held by it—
if the statutory health corporation is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the statutory health corporation is permitted to invest money under that Part, or
if the statutory health corporation is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way authorised for the time being for the investment of trust funds and in any other way approved by the Minister with the concurrence of the Treasurer.
A statutory health corporation may at any time dispose of any of its investments and apply the proceeds for the purpose of exercising its functions.
This section is, in relation to the investment of any funds, subject to the terms of any trust applying to those funds.
This Act’s bill:Explanatory memorandumSecond reading speech
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