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ABORIGINAL LAND RIGHTS (NORTHERN TERRITORY) ACT 1976 - SECT 65BG

Investment of surplus money

  (1)   The NTAI Corporation may invest relevant money (within the meaning of the Public Governance, Performance and Accountability Act 2013 ) for which the NTAI Corporation is responsible and that is not immediately required for the performance of the NTAI Corporation's functions (subject to section   65BH and subsection   (4) of this section).

Note:   For invest , see subsection   65A(1).

  (2)   Section   59 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by corporate Commonwealth entities) does not apply to the NTAI Corporation.

  (3)   Subsection   (1) of this section and paragraph   65BB(b) do not limit each other.

  (4)   An investment under subsection   (1) must not be inconsistent with the terms of any trust that applies to the money concerned.



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