Education Legislation Act 2016

33 Section 203 amended (Institutions are Crown entities)

Replace section 203(4) with:

(4)

Section 65I(1) and (2) of the Public Finance Act 1989—

(a)

applies, with all necessary modifications, to tertiary education institutions and, accordingly, every institution must invest in the same manner as the Treasury invests money under that section; but

(b)

does not apply in respect of any investment made by an institution in the financial products of a related entity.