Commonwealth Consolidated Acts

PLANT HEALTH AUSTRALIA (PLANT INDUSTRIES) FUNDING ACT 2002 - SECT 10D

Management generally

  (1)   PHA may manage an EPPR fund, or arrange for an EPPR fund to be managed by another person on PHA's behalf, in any way it considers appropriate, subject to:

  (a)   this section; and

  (b)   any restriction or requirement in relation to the management of the fund (including any restriction or requirement in relation to the investment of money that is in the fund) to which PHA is otherwise subject.

Investment

  (2)   If there is any money in an EPPR fund that is not immediately required for a payment under section   10C, PHA may invest the money (or part of it).

  (3)   If PHA cannot apply an EPPR fund as required by section   10C without realising an investment forming part of the fund, PHA must realise the investment.

  (4)   PHA may invest money that is in an EPPR fund only in a way that would readily allow PHA to realise the investment, if necessary, to meet its obligations to make payments under section   10C.

  (5)   Despite subsection   (4):

  (a)   PHA may invest money that is in an EPPR fund in a form (if any) that is permitted by the regulations; and

  (b)   PHA must not invest money that is in an EPPR fund in a form (if any) that is not permitted by the regulations.