Investment of money in Agency Fund
211 Investment of money in Agency Fund
Subject to this section, the National Agency may invest money in the Agency
Fund in the way it considers appropriate.
The
National Agency may invest money in a National Board's account kept within the Agency Fund only if the Agency has consulted the Board about the investment.
An investment under this section must be—
in
Australian money; and
undertaken in Australia.
The
National Agency must use its best efforts to invest money in the
Agency Fund in a way it considers is most appropriate in all the circumstances.
The
National Agency must keep records that show it has invested in the way most appropriate in the circumstances.
A security, safe custody acknowledgment or other document evidencing title accepted, guaranteed or issued for an investment arrangement must be held by the National Agency.
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