Document ID: chunk:federal_register_of_legislation:C2025C00116:section:133
Version: federal_register_of_legislation:C2025C00116
Segment Type: section
Provision Reference: s 133
Character Range: 197956–199168

133  Money paid for benefit of person
 (1) Any money payable under this Act to a person under a legal disability must be paid to, or in accordance with the directions of, the Authority for the benefit of the person and, when so paid, is taken to have been paid to the person.
 (2) If money is held by the Authority for the benefit of a person, the Authority must, subject to subsections (4) and (5), invest the money in any manner for the time being allowed for the investment of trust money by an Act, or by a State or Territory enactment.
 (3) Income resulting for an investment of money under subsection (2) is taken to form part of that money.
 (4) The Authority may pay any money held by it for the benefit of a person to, or in accordance with the directions of, the person or apply the money in such manner as it thinks fit, for the benefit of the person.
 (5) If money is held by the Authority for the benefit of a person under a legal disability, the Authority must, when the person stops being under a legal disability, pay the money to, or in accordance with the directions of, the person or, if the money has been invested, deal with the investments in accordance with the directions of the person.