Document ID: chunk:federal_register_of_legislation:C2021C00215:section:50
Version: federal_register_of_legislation:C2021C00215
Segment Type: section
Provision Reference: s 50
Character Range: 37714–38552

50  Trust money etc.
 (1) The Museum shall ensure that any money received or held by the Museum on trust is paid into an account that does not contain any money of the Museum not held on trust.
 (2) Notwithstanding anything contained in this Act:
 (a) money or other property held by the Museum on trust or accepted by the Museum subject to a condition shall not be dealt with except in accordance with the obligations of the Museum as trustee of the trust or as the person who has accepted the money or other property subject to the condition, as the case may be; and
 (b) money held by the Museum on trust may be invested:
 (i) in any manner in which the Museum is authorised to invest that money by the terms of the trust; or
 (ii) in any manner in which trust money may, for the time being, be invested under law;
but not otherwise.