Government Securities (Debt Market and Investment) Act 1992 · 2020 Revised Edition · Part 2 · Establishment and Regulationof Government Securities Fund
4. Application of moneys in Government Securities Fund
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The Minister may at any time apply all or any part of the moneys in the Government Securities Fund to the purchase of trustee stock or of any other stock, fund, security or investment mentioned in section 7(3) of the Financial Procedure Act 1966, except any stock, bond, fund or security issued by the Government.
Government Securities Fund
“Government Securities Fund” means the Government Securities Fund established under Part 2;
Nothing in subsection (1) prohibits the conversion of advance deposits to Government securities issued under this Act.
advance deposits
“advance deposits” means such deposits as are received under section 27;
To avoid doubt, this section does not prevent the Minister causing any foreign reserve assets that are not moneys comprised in the Government Securities Fund to be disposed of and the proceeds thereof to be applied in accordance with subsection (1).