Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 10

10 Statutory bodies’ investment powers under pt 6 and other Acts

(1) A statutory body’s investment powers under part 6 are additional to its powers under the other parts of this Act and its investment powers under its authorising Act or another Act.

(2) However, if there is no express power to invest in the body’s authorising Act or another Act, its powers to invest are limited to the powers under this Act even though, for example, its authorising Act or another Act states the body has—

(a) the powers of a body corporate or individual; or

(b) the power generally to enter into contracts; or

(c) the power to do all things necessary or convenient for, or in connection with, the performance of its functions.