Internal Where relevant, add links to authorisations in your entity authorisations Other relevant Where relevant, add links to: documents related operational procedures or guidance in your entity relevant forms and templates (internal or external) any other relevant documents Contacts Where relevant, add areas in your entity to contact for more information Investments Corporate Commonwealth entities must not invest relevant money for which the entity is responsible unless the money is immediately required for the purposes of the entity’. If ‘not the money is not immediately required for the purposes of the entity, an accountable authority can invest this money in accordance with section 59 of the PGPA Act and section 22A of the PGPA Rule. If there is uncertainty as to whether an investment complies with section 59 of the PGPA Act, an entity should seek Finance’s advice about the proposed investment and, if necessary, seek the Finance Minister’s approval for the particular class of investment. When making investments of not immediately required, accountable authorities of corporate Commonwealth entities are subject to the general duties of accountable authorities, in particular sections 15 and 16 of the PGPA Act. Instructions all officials of corporate Commonwealth entities – You must: not invest relevant money unless the money is not immediately required for the purposes of the entity when investing relevant money that is trust money, ensure that the investment is consistent with the terms of the trust when investing relevant comply with any directions in the written approval from the Finance Minister (if applicable) and the authorisation from your accountable authority when a spending provision in the entity’s enabling legislation expressly states it applies to a contract for the investment of money, comply with that provision. Additional instructions could cover: who has the authority to invest relevant money the total amount that may be invested and any related investment conditions (e.g. duration of investments, availability of working cash) the acceptable risk profile for the entity’s investments for Government Business Enterprises (GBEs): the type of investments that are consistent with sound commercial practice the record keeping and reporting requirements for investments, including reporting investments in the entity’s financial statements, as per the Public Governance, Performance and Accountability (Financial Reporting) Rule 2015.
Internal authorisations Where relevant, add links to authorisations in your entity Other relevant documents Where relevant, add links to: related operational procedures or guidance in your entity relevant forms and templates (internal or external) any other relevant documents Contacts Where relevant, add areas in your entity to contact for more information Investments Corporate Commonwealth entities must not invest relevant money for which the entity is responsible unless the money is ‘not immediately required for the purposes of the entity’. If the money is not immediately required for the purposes of the entity, an accountable authority can invest this money in accordance with section 59 of the PGPA Act and section 22A of the PGPA Rule. If there is uncertainty as to whether an investment complies with section 59 of the PGPA Act, an entity should seek Finance’s advice about the proposed investment and, if necessary, seek the Finance Minister’s approval for the particular class of investment. When making investments of not immediately required, accountable authorities of corporate Commonwealth entities are subject to the general duties of accountable authorities, in particular sections 15 and 16 of the PGPA Act. Instructions – all officials of corporate Commonwealth entities You must: not invest relevant money unless the money is not immediately required for the purposes of the entity when investing relevant money that is trust money, ensure that the investment is consistent with the terms of the trust when investing relevant comply with any directions in the written approval from the Finance Minister (if applicable) and the authorisation from your accountable authority when a spending provision in the entity’s enabling legislation expressly states it applies to a contract for the investment of money, comply with that provision. Additional instructions could cover: who has the authority to invest relevant money the total amount that may be invested and any related investment conditions (e.g. duration of investments, availability of working cash) the acceptable risk profile for the entity’s investments for Government Business Enterprises (GBEs): the type of investments that are consistent with sound commercial practice the record keeping and reporting requirements for investments, including reporting investments in the entity’s financial statements, as per the Public Governance, Performance and Accountability (Financial Reporting) Rule 2015.