64
In forceInvestments gifted or bequeathed to departments or statutory bodies
Part 4Provisions applying to departments and statutory bodies
64 Investments gifted or bequeathed to departments or statutory bodies
(1)
A department or statutory body may divest itself of an investment gifted or bequeathed to the department or statutory body only with the Treasurer’s approval.
(2)
However, the Treasurer may exempt a statutory body from requiring the Treasurer’s approval if the Treasurer is satisfied the statutory body has appropriate procedures in place for divesting itself of the investment.
This Act’s bill:Explanatory memorandumSecond reading speech
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