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Public Trustee Act 1930
40Investment of common fund
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40 Investment of common fund
[Section 40 Amended by No. 3 of 1952, s. 3 ]**[Section 40 Substituted by No. 20 of 1995, s. 3 and Sched. 1 ]
(1) All money in the common fund may be invested –
(a) in a manner in which trustees are authorised to invest trust funds under the Trustee Act 1898 ; and
(b) in advances under section 44 .
(2) An investment of money under subsection (1) may be varied.