Section 15: Power to invest.

(1) The Institute may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest all or any of its funds in any security prescribed by the Trustee Investments Act or in such other securities as may, from time to time, be approved by the Council.
(2) The Institute shall be exempted from the payment of income tax on any income accruing from investment made by the Council for the Institute or otherwise howsoever.