Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.10B - FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT  

Division 6 - Financial matters  

SECTION 1069R  

1069R   INVESTMENT BY CSLR OPERATOR  

The CSLR operator must not invest money of the CSLR operator unless:

(a)    the money is not immediately required for the purposes mentioned in paragraphs 1069Q(1)(a) to (e) ; and

(b)    the money is invested:

(i) on deposit with an ADI (within the meaning of the Banking Act 1959 ), including a deposit evidenced by a certificate of deposit; or

(ii) in securities of, or securities guaranteed by, the Commonwealth, a State or a Territory.