Public Governance, Performance and Accountability Rule 2014
CHAPTER 2
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COMMONWEALTH ENTITIES AND THE COMMONWEALTH
PART 2-4
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USE AND MANAGEMENT OF PUBLIC RESOURCES
Division 4
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Investment
SECTION 22A
INVESTMENT BY CORPORATE COMMONWEALTH ENTITIES
An investment is a prescribed form of investment for a corporate Commonwealth entity if it: (a) is a dematerialised security that is the equivalent of an investment referred to in subparagraph 59(1)(b)(ii) of the Act; and (b) is in the name of the corporate Commonwealth entity; and (c) is denominated in Australian currency.
Guide to this section
The purpose of this section is to set out an additional form of investment that a corporate Commonwealth entity is authorised to make.
This section is made for subparagraph 59(1)(b)(iv) of the Act.
An investment is a prescribed form of investment for a corporate Commonwealth entity if it: (a) is a dematerialised security that is the equivalent of an investment referred to in subparagraph 59(1)(b)(ii) of the Act; and (b) is in the name of the corporate Commonwealth entity; and (c) is denominated in Australian currency.
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