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Australian Hearing Services Act 1991
60Trust money
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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.