36Patient accounts in public hospitals to form single fund

36 Patient accounts in public hospitals to form single fund

36 Patient accounts in public hospitals to form single fund

(1) Money standing to the credit of all patient accounts kept in the Patients Trust Fund in relation to mental health facilities that are public hospitals constitutes a single fund.

(2) The fund may be invested by the Secretary in accordance with and subject to the Trustee Act 1925 or in another form of investment approved by the Treasurer.

(3) The Secretary must, at least once a year, distribute the interest earned on the fund to the patient accounts.

(4) The Secretary must credit the patient accounts proportionately according to the amount standing to the credit of the patient’s account during the period in which the interest was earned.

(5) In this section—

public hospital has the same meaning as in the Health Services Act 1997.