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Gambling Act 2003

Institutions - New Zealand Lotteries Commission - Financial provisions relating to Lotteries Commission

262: Investment of funds

You could also call this:

"The Lotteries Commission must invest its money wisely, following New Zealand's trust rules."

Illustration for Gambling Act 2003

The Lotteries Commission can invest its money in ways that follow the Trusts Act 2019. You can find out more about this act on the New Zealand legislation website. This means the Commission must invest its funds according to the rules set out in the Trusts Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209770.

Topics:
Money and consumer rights > Gambling
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261: Loans, or

"The Lotteries Commission can lend money to people or companies to help with New Zealand lotteries."

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263: Payment of profits, or

"When the Lotteries Commission makes money, it must put its profits into a special account, unless the Minister says it can keep some."

Part 3Institutions
New Zealand Lotteries Commission: Financial provisions relating to Lotteries Commission

262Investment of funds

  1. The Lotteries Commission may invest any of its funds in accordance with the Trusts Act 2019.

Compare
  • 1977 No 84 s 111
Notes
  • Section 262: amended, on , by section 161 of the Trusts Act 2019 (2019 No 38).