Victorian Current Acts

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FINANCIAL MANAGEMENT ACT 1994 - SECT 18

Investment of money in Public Account

S. 18(1) amended by No. 104/1995 s. 6(Sch. 1 item 8(a)).

    (1)     Any money standing to the credit of the Public Account may be invested by the Minister in any manner in which trust funds may be invested under the Trustee Act 1958 .

    (2)     Except where otherwise expressly provided, interest received from the investment of any money under subsection (1) shall be credited to the Consolidated Fund.

Part 4—The Trust Fund



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