Victorian Current Acts

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TREASURY CORPORATION OF VICTORIA ACT 1992 - SECT 41

Securities of Corporation lawful investment

    (1)     Subject to subsection (2), in addition to any other powers of investment—

        (a)     a trustee, unless expressly forbidden by the instrument (if any) creating the trust; and

        (b)     a public authority—

may invest money—

        (c)     in securities issued by the Corporation or by VicFin; or

        (d)     in bills of exchange accepted by the Corporation or by VicFin; or

        (e)     on deposit with the Corporation.

    (2)     Subsection (1) does not authorise a trustee to invest money as mentioned in that subsection unless the repayment of the money so invested is guaranteed by or on behalf of the Government of Victoria.



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