Document ID: chunk:federal_register_of_legislation:C2009A00108:clause:2_601sca
Version: federal_register_of_legislation:C2009A00108
Segment Type: clause
Provision Reference: sch 2 cl 601SCA
Character Range: 49593–50369

601SCA  Common funds of licensed trustee companies
 (1) A licensed trustee company may, for the purposes of investment, pool together into a fund or funds money (estate money) from 2 or more estates that are administered or managed by the trustee company in the performance of estate management functions.
 (2) A fund into which money is pooled as mentioned in subsection (1) is a common fund.
Note: A common fund may also be regulated under Chapter 5C (if the fund constitutes a managed investment scheme).
 (3) A common fund may also include other money.
 (4) This section has effect subject to regulations made for the purpose of section 601SCC.
Note: For example, the regulations may limit the circumstances in which other money may be pooled together with estate money.