Section 30
of Public Trust Corporation Act 1995
Section 30
The Corporation may, from time to time, with the approval of the Minister of Finance and the Minister, establish and keep, in addition to and separately from the Common Fund, one or more funds each of which shall be called a Group Investment Fund.
Where more than one Group Investment Fund is so established, each such Fund shall be given an appropriate distinguishing name or number.
(2)
All moneys forming part of any Group Investment Fund shall be invested in such class or classes of investments as the
Corporation determines at the time when the Fund is established,
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being investments authorized by the instrument or other authority by which the moneys are held or any investment permitted by law for the investment of trust funds.
(3)
Subject to this section, where moneys of any estate is in its possession and is available for investment but is not invested in the Common Fund, the Corporation may invest that money in any of its Group Investment Funds in which the money might lawfully be invested if the money is not directed to be invested in some other specified manner and investment in a Group
Investment Fund is not inconsistent with the terms of the trust instrument (if any) or other authority governing the money.
(4)
Investments made from moneys forming part of a Group
Investment Fund shall not be made on account of or belong to any particular estate.