Section 12: Borrowing power.

(1) The Council may with the consent or in accordance with any general authority given by the Minister borrow by way of loan or overdraft from any source any moneys required by the Academy for meeting its obligations and discharging its functions under this Act.
(2) The Council 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.
(3) The Council may invest any surplus funds of the Academy in securities prescribed by the Trustee Investment Act or such other securities as may from time to time be approved by the Minister.