Commonwealth Consolidated Acts

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FUTURE DROUGHT FUND ACT 2019 - SECT 51

Securities lending arrangements

  (1)   The Future Fund Board may enter into securities lending arrangements for a purpose in connection with the Future Drought Fund.

  (2)   Any money received by the Future Fund Board under a securities lending arrangement entered into under subsection   (1) is to be credited to the Future Drought Fund Special Account.

  (3)   To avoid doubt, a securities lending arrangement entered into under subsection   (1) may provide for the Future Fund Board to realise an investment of the Future Drought Fund.

  (4)   A financial asset is taken to be an investment of the Future Drought Fund if, as the result of the operation of a securities lending arrangement entered into under subsection   (1), the Future Fund Board becomes the holder of the financial asset.



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