Regulation 15

The moneys of the SAVER-Premium Fund may be invested in accordance with section 205C of the Act.

All amounts received by way of interest on investment made from moneys of the SAVER-Premium Fund shall be carried to the Income Account.

All amounts received by way of rents from the properties owned by or mortgaged to the SAVER-Premium Fund shall be carried to the Income Account, but there shall first be deducted any payments made in respect of rates, insurance, repairs and any other expenses or outgoings made for the purpose of maintaining the properties in a rent earning condition, including any commission paid to a receiver appointed by the Board as mortgagee of any property.

Upon the realisation of any investment, so much of the net proceeds as are equal to the book value of the investment as shown in the accounts shall be treated as capital moneys of the SAVER-Premium Fund, and the remaining net proceeds shall be credited to the Income Account.