Document ID: chunk:federal_register_of_legislation:C2024C00568:section:60
Version: federal_register_of_legislation:C2024C00568
Segment Type: section
Provision Reference: s 60
Character Range: 36581–37197

60  Trust money
  The Authority:
 (a) may receive money from any body or person on trust for application towards a particular purpose consistent with the functions of the Authority; and
 (b) must pay trust money into an account or accounts containing no money other than trust money; and
 (c) must apply or deal with trust money only in accordance with the powers and duties of the Authority as trustee; and
 (d) may only invest trust money:
 (i) in any manner in which the Authority is authorised to invest the money by the terms of the trust; or
 (ii) in any manner in which trust money may be lawfully invested.