65Trust money

#### 65 Trust money (1) The Agency must ensure that any money received or held by the Agency on trust is paid into an account, or more than one account, maintained under subsection 18(2) of the Commonwealth Authorities and Companies Act 1997 that does not contain any money of the Agency not held on trust. (2) Despite section 60: (a) money or other property held by the Agency on trust is to be applied or dealt with only in accordance with the powers and duties of the Agency as trustee; and (b) money held by the Agency on trust may be invested: (i) in any manner in which the Agency 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.