Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FUTURE FUND ACT 2006 - SECT 27

Securities lending arrangements

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

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

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

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



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback