Queensland Consolidated Acts
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AUSTRALIAN CATHOLIC UNIVERSITY (QUEENSLAND) ACT 2007 - SECT 9
Income of investment common funds
9 Income of investment common funds
(1) The university must periodically distribute the income of an investment
common fund among each fund forming the investment common fund (a
"component fund" ), having regard to the share of each component fund in the
investment common fund during the period in which the income is derived.
(2)
Despite subsection (1) , the university may— (a) add a part of the income of
the investment common fund to the fund’s capital; or
(b) use a part of the
income to establish or augment another fund to make provision against capital
depreciation or reduction of income.
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