287 Investment of money

(1)

Subject to any directions of the Board, the Secretary may invest any profits of New Zealand lotteries in accordance with the provisions of the Trustee Act 1956 as to the investment of trust funds, pending their distribution under section 277.

(2)

Any amounts of interest arising from the investments, and the proceeds of any realisation of the investments, are deemed to be profits arising from New Zealand lotteries and must be dealt with accordingly.

Compare: 1977 No 84 s 116V