Section 275 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Investments

275 Investments (1) Subject to any policy direction under section 103 of the Crown Entities Act 2004 , the Corporation must invest, in the same manner as if it were a trustee, all money received by it in respect of any Account that is not immediately required for expenditure. (2) Any returns on investments must be apportioned across the Accounts in a way that reasonably represents the contribution to the investment of each Account. (3) The Minister must consult with the Minister of Finance before making a policy direction under section 103 of the Crown Entities Act 2004 relating to investment. (4) Section 100 of the Crown Entities Act 2004 does not apply to an investment made under this section. Compare: 1998 No 114 s 344 Subsection (1) was amended, as from 25 January 2005, by section 200 Crown Entities Act 2004 (2004 No 115) by substituting the words “ section 103 of the Crown Entities Act 2004 ” for the expression “ section 270 ” . Subsection (3) was amended, as from 25 January 2005, by section 200 Crown Entities Act 2004 (2004 No 115) by substituting the words “ section 103 of the Crown Entities Act 2004 ” for the expression “ section 270 ” . Subsection (4) was inserted, as from 25 January 2005, by section 200 Crown Entities Act 2004 (2004 No 115).