Borrowing and Investment Powers Act 1987

An authority to which this section applies may, with the approval of the Governor in Council on the recommendation of the Treasurer, underwrite or sub-underwrite the issue by a body corporate or unincorporate of any shares, units in a unit trust or securities in which the authority is authorised to invest.

Part 4—Consequential amendments and transitional provisions

Ss 23–25 repealed by No. 99/1993 s. 12(1).

* * * * *