Education and Training Reform Act 2006

The Institute must continue to maintain the Fund known as the Victorian Institute of Teaching Fund.

There must be paid into the Fund—

any investment income received by the Institute; and

the proceeds of the sale of any investment made by the Institute; and

any other money received by the Institute.

There must be paid out of the Fund any payment that is authorised by the Institute to be made out of the Fund for or towards the costs and expenses of the exercise of powers or performance of functions by the Institute.

The Institute may invest money in the Fund—

in any manner in which a trustee may invest trust funds under the Trustee Act 1958; or

in any other manner approved by the Minister.