Local Government Act 1993 Order relating to investments by councils (1993-282) [GG No 73 of 1.7.1993] (NSW)

1993—No. 282

LOCAL GOVERNMENT ACT 1993—ORDER

(Relating to investments by councils)

NEW SOUTH WALES

[Published in Gazette No. 73 of 1 July 1993]

I, GARRY WEST, Minister for Local Government and Co-operatives, in

pursuance of section 625 (2) of the Local Government Act 1993, and with the approval of the Treasurer, do, by this my Order, with effect on and from 1 July 1993, notify the following forms of investment for the purposes of section 625 of that Act:

(a) a deposit with the Local Government Investment Service Pty Ltd;

(b) a bill of exchange that is drawn or accepted by a bank (being a bank within the meaning of the Banking Act 1959 of the Commonwealth or a bank constituted by a law of the State or of the Commonwealth);

(c) a deposit with the Treasurer;

(d) a deposit with a funds manager listed below that is re-invested by the funds manager (on behalf of the council concerned so that the council retains the beneficial ownership) in a security authorised by the Trustee Act 1925 or in an investment of the kind referred to in paragraph (a), (b) or (c).

BNP Investment Management (Australia) Limited
BB Australia Limited
BT Custodians Limited
BT Securities Limited
CS First Boston Australia Investment Management

Macquarie Investment Management Limited

Limited

Hongkong Bank of Australia Limited

HKB Managed Funds Limited

1993—No. 282

• National Australia Fund Management Limited National Mutual Funds Management Limited New South Wales Treasury Corporation

SBC Dominguez Barry Funds Management Limited

Westpac Investment Management Pty Limited

Dated this 29th day of June, 1993.

GARRY WEST, M.P.,

Minister for Local Government and Co-operatives.