Education and Care Services National Regulations
Current version for 31 December 2019 to date (accessed 2 June 2020 at 04:20)
Chapter 6 Part 6.1 Regulation 194
194   Investment of Authority Fund
For the purposes of section 277 of the Law, the National Authority may invest the Authority Fund—
(a)  on deposit with any bank; and
(b)  in securities of the Commonwealth or of a State or Territory; and
(c)  in securities guaranteed by the Commonwealth or a State or Territory; and
(d)  in any other manner that—
(i)  is consistent with sound commercial practice; and
(ii)  minimises the probability of capital losses over a 12 month period of investment—
to enhance the capacity of the National Authority to discharge its liabilities, costs, expenses and obligations.