35Transfer of child's pay held by Director, &c.

35 Transfer of child's pay held by Director, &c.

(1)  Any money held by the Director under section 49 of the repealed Act is vested in the Secretary subject to the same conditions on which the Director held the money.

(2)  A bank account maintained in the name of the Director in trust for a child under section 49 of the repealed Act is taken to be maintained in the name of the Secretary in trust for the child.

(3)  The Secretary, in his or her discretion, must use the money held in an account referred to in subsection (2) for the benefit of the child.

(4)  Any money held in an account referred to in subsection (2) vests in the child on his or her 18th birthday.