CTHRepealedAct
Australian Securities and Investments Commission Act 1989
168How trust property to be applied
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#### 168 How trust property to be applied
(1) Notwithstanding section 161, money or other property that the Advisory Committee holds on trust shall be applied or dealt with in accordance with the Advisory Committee’s powers and duties as trustee, and not otherwise.
(2) Money that the Advisory Committee holds on trust may be invested in any manner in which:
(a) the terms of the trust authorise the Advisory Committee to invest the money; or
(b) a law in force in a State or internal Territory authorises trustees to invest trust funds.