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Valuers Bill

Miscellaneous - Financial provisions

97: Investment of money

You could also call this:

"The Board can invest spare money in a bank or other safe place."

The Board can invest money it does not need right now. It can put this money in a bank or another place that can hold money. You can find out more about what the Board can use the money for in section 93.

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This page was last updated on 30 October 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS641035.

Topics:

Money and consumer rights > Banking and loansMoney and consumer rights > Savings and retirement

96: Board’s financial statements, or

"The Board must report how it spends and manages its money each year."

98: Board is public entity under Public Audit Act 2001, or

"The Board must be checked by the Auditor-General like other public groups."

Part 4Miscellaneous
Financial provisions

97Investment of money

The Board may, in the manner it thinks fit, invest any money not for the time being required for any of the purposes mentioned section 93 by depositing the money with any bank or other institution authorised to receive money on deposit.