(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.