Queensland Consolidated Acts

AUSTRALIAN CATHOLIC UNIVERSITY (QUEENSLAND) ACT 2007 - SECT 10

10 Funds added to investment common fund

(1) If a component fund adds funds to an investment common fund—

(a) the university is taken to hold the funds for the benefit of the investment common fund; and

(b) for funds other than money—the component fund is taken to have added to the investment common fund an amount equivalent to the value attributed by the university to the added funds at the time the funds were added.

(2) If a component fund stops forming part of an investment common fund, the amount to be withdrawn from the investment common fund is an amount equivalent to the value attributed by the university to the equity in the investment common fund of the component fund at the time of the withdrawal.