Victorian Current Acts Victorian Current ActsS. 253(1) amended by Nos 99/1993 s. 23(1), 23/2022 s. 11(1).
(1) An Authority other than a relevant Authority within the meaning of Division 4, may invest its money—
S. 253(1)(a) amended by No. 104/1995 s. 6(Sch. 1 item 31).
(a) in any manner in which money may be invested under the Trustee Act 1958 ; or
(b) in any other manner that the Minister approves.
(2) Section 4(2) of the Trustee Act 1958 does not apply in relation to investments made under subsection (1)(a) of this section.
S. 253(3) inserted by No. 99/1993 s. 23(2), amended by No. 23/2022 s. 11(2).
(3) A relevant Authority within the meaning of Division 4 may invest its money in accordance with powers conferred on it under the Borrowing and Investment Powers Act 1987 .
S. 253A inserted by No. 110/1997
s. 23.