NSW Trustee and Guardian Act 2009
108Operation of common fund
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108 Operation of common fund
108 Operation of common fund
(1) The NSW Trustee may sell investments belonging to a common fund and may withdraw any of the money belonging to a common fund for any purpose of or relating to its trust capacities or protective capacities.
(2) The NSW Trustee may, in its discretion, at any time withdraw from a common fund any amount at credit in the common fund on account of a trust matter or a managed estate and invest the amount on the separate account of the matter or estate.
(3) Amounts so withdrawn from a common fund, as from the date of the withdrawal, cease to have any claim for interest or otherwise from the common fund.