21
CurrentTrading in investments
Part 3Investment powers
Division 2Investment
21 Trading in investments
An authority to which this section applies and to which the Governor in Council on the recommendation of the Treasurer has given approval for the purposes of this section, may exercise any power in relation to investments that a natural person may exercise and, without limiting the generality of the foregoing—
(a)
may sell, barter, exchange or otherwise dispose of or get in any of its investments; and
(b)
may vary or transpose any of its investments for other investments in which the authority is authorised to invest.
S. 22 amended by Nos 64/1991 s. 10(b), 99/1993 s. 7(r).
This Act’s bill:Second reading speech
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