Commonwealth Numbered Acts

CANNED FRUITS MARKETING AMENDMENT ACT 1984 No. 148 of 1984 - SECT 17

17. Section 46 of the Principal Act is amended-

   (a)  by omitting "to section 63E of the Audit Act 1901 and"; and

   (b)  by adding at the end thereof the following sub-sections:



"(2) Money of the Corporation not immediately required for the purposes of the
Corporation and money in the insurance account may be invested-

   (a)  in securities of, or guaranteed by, the Commonwealth or a State;

   (b)  on deposit with an approved bank; or

   (c)  in any other manner approved by the Treasurer.



"(3) In sub-section (2) 'approved bank' means a trading bank as defined in
sub-section 5 (1) of the Banking Act 1959 or another bank declared by the
Treasurer or a person authorized by the Treasurer to give approvals under this
section to be an approved bank in relation to the Corporation.".