Threatened Species Conservation Act 1995 No 101
127ZY Fund Manager
(1) The Minister is to appoint a person as Fund Manager in respect of
the Biobanking Trust Fund.
(2) It is not necessary for the person appointed as Fund Manager to be
a public authority.
(3) However, if the person appointed as Fund Manager is not a public
authority, the Fund Manager is not, and does not represent, the Crown.
Accordingly, any such Fund Manager:
(a) is not an instrumentality or agency of the State,
(b) is not entitled to any immunity or privilege of the State,
(c) cannot render the State liable for any debts, liabilities or
obligations of the Fund, and
(d) is not a public authority for any purpose and is taken not to have
been constituted or established for a public purpose or for a purpose of the
(4) The regulations may make further provision for the appointment of
the Fund Manager, and make provision for the termination of the appointment of
the Fund Manager and remuneration of the Fund