s. 439 The Authority may pay into the Residential Tenancies Fund out of the Residential Bonds Investment Income Account any amount which the Authority determines should be paid into the Residential Tenancies Fund. 438 Borrowing and investment powers of Authority (1) The Authority must open and maintain separate S. 438(1) amended by accounts at an authorised deposit-taking No. 11/2001 institution or institutions within the meaning of s. 3(Sch. item 63.1). the Banking Act 1959 of the Commonwealth in the State for the purposes of the Residential Bonds Account and the Residential Bonds Investment Income Account. (2) The Authority has the powers conferred on it by the Borrowing and Investment Powers Act 1987. 439 Additional amounts (1) The Minister may from time to time make a declaration under this section providing for the payment of an amount or amounts in respect of bonds. (2) Before making a declaration under this section, the Minister must obtain a report of an actuary on the Residential Tenancies Fund. (3) The Minister must not make a declaration under this section except in accordance with the recommendations contained in a report under subsection (2). (4) A declaration made under this section— (a) must be made by a notice published in the Government Gazette; and (b) may provide for the payment of amounts in respect of bonds of a specified class or
The Authority may pay into the Residential Tenancies Fund out of the Residential Bonds Investment Income Account any amount which the Authority determines should be paid into the Residential Tenancies Fund. 438 Borrowing and investment powers of Authority S. 438(1) amended by No. 11/2001 s. 3(Sch. item 63.1). (1) The Authority must open and maintain separate accounts at an authorised deposit-taking institution or institutions within the meaning of the Banking Act 1959 of the Commonwealth in the State for the purposes of the Residential Bonds Account and the Residential Bonds Investment Income Account. (2) The Authority has the powers conferred on it by the Borrowing and Investment Powers Act 1987. 439 Additional amounts s. 439 (1) The Minister may from time to time make a declaration under this section providing for the payment of an amount or amounts in respect of bonds. (2) Before making a declaration under this section, the Minister must obtain a report of an actuary on the Residential Tenancies Fund. (3) The Minister must not make a declaration under this section except in accordance with the recommendations contained in a report under subsection (2). (4) A declaration made under this section— (a) must be made by a notice published in the Government Gazette; and (b) may provide for the payment of amounts in respect of bonds of a specified class or
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