70Investment of trust money

70 Investment of trust money (1) The whole or any part of any money held by the Tribunal on trust for a person may, except where otherwise provided by this or any other Act, whether already in a state of investment or not, be invested— S. 70(1)(a) substituted by No. 11/2001 s. 3(Sch. item 85). (a) on deposit with an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth; or (b) in the manner in which trust money may be invested by a trustee under the **Trustee Act 1958**. (2) All income derived from the investment of money under subsection (1) must be paid to the person beneficially entitled to the invested money. S. 70A inserted by No. 30/2004 s. 9.