New South Wales Consolidated Regulations

ABORIGINAL LAND RIGHTS REGULATION 2020 - REG 101

101 Investment of money in Local Aboriginal Land Council Accounts

Money to the credit of an account established by a Local Aboriginal Land Council under section 152 of the Act may be invested in--

(a) any public funds or Government stock or Government securities of the Commonwealth or any State of the Commonwealth, or

(b) any debentures or securities guaranteed by the Government of New South Wales, or

(c) any debentures or securities--

(i) issued by a public or local authority, or a statutory body representing the Crown, constituted by or under any law of the Commonwealth, of any State of the Commonwealth, of the Northern Territory or of the Australian Capital Territory, and

(ii) guaranteed by the Commonwealth, any State of the Commonwealth or the Northern Territory, or

(d) interest bearing deposits in an authorised deposit-taking institution.