Commonwealth Consolidated Acts

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FUTURE FUND ACT 2006 - SECT 27

Securities lending arrangements

  (1)   The Board may enter into securities lending arrangements for a purpose in connection with the Fund.

  (2)   Any money received by the Board under a securities lending arrangement entered into under subsection   (1) is to be credited to the Fund Account.

  (3)   To avoid doubt, a securities lending arrangement entered into under subsection   (1) may provide for the Board to realise an investment of the Fund.

  (4)   If, as the result of the operation of a securities lending arrangement entered into under subsection   (1), the Board becomes the holder of a financial asset, that financial asset is taken to be an investment of the Fund.


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