Australian Capital Territory Numbered Acts

FINANCIAL MANAGEMENT AMENDMENT ACT 2003 (NO. 21 OF 2003) - SECT 7

insert

    (3A)     However, if an investment of public money is made or managed for the Territory by an entity other than a department, the entity may deduct from the interest received by the entity for the investment—

        (a)     a fee charged by the entity for making or managing the investment; and

        (b)     expenses reasonably incurred by the entity in making or managing the investment.