Section 290 Investments and Securities Act

Section 290 of the Investments and Securities Act 2025 is about Investment of sinking fund. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

(1) All money appropriated under section 288 of this Act as contributions to the sinking fund shall be paid to the trustees appointed under section 283 of this Act and may be invested in such securities as are specified in the Trustee Investments Act.

(2) The trustees may, with the approval of the appropriate authority vary any investment made under subsection (1) or may realise and re-invest any money invested under that subsection.

(3) The dividends, interest, bonus and other profits of any investment of any part of any sinking fund shall be invested by the trustees so as to form a part of that sinking fund in like manner as money appropriated under section 288 of this Act as contributions to that sinking fund.