National Treasury Management Agency (Amendment) Act, 2000


Fund Investment Services


27.—(1) In this Part—

“enactment” means a statute or an instrument made under a power conferred by statute;

“fund” means a fund managed or controlled, or both managed and controlled, by a Minister of the Government;

“investment” means, in relation to a fund—

(a) the application of the moneys in the fund concerned for the purpose of acquiring, holding or disposing of any right or interest, direct or indirect, in any asset, or

(b) the placing or holding of the moneys in the fund concerned in any account.

(2) This Part shall not be construed as affecting or altering any power contained in an enactment to invest the moneys in a fund.