Interpretation Act 1965 s 33A

s 33A Standard investment power of statutory bodies

33A. Where any written law confers on a statutory body the power to invest any moneys in accordance with the standard investment power of statutory bodies, then, subject to any general or special directions as the Minister charged with responsibility for that statutory body may issue, that statutory body may —(a) invest those moneys in the manner it thinks fit; and (b) engage in any financial activity or participate in any financial arrangement for the purpose of managing or hedging against any financial risk that arises or is likely to arise from such investment.[45/2004]