Commonwealth Consolidated Acts

CRIMINOLOGY RESEARCH ACT 1971 - SECT 32A

             (1)  The Institute shall ensure that all moneys received or held by the Institute on trust are paid into an account maintained under section 18 of the Commonwealth Authorities and Companies Act 1997 that does not contain any moneys of the Institute not held on trust.

             (2)  Notwithstanding any other provision of this Division or any provision of the Commonwealth Authorities and Companies Act 1997 :

                     (a)  moneys or other property held by the Institute on trust shall be applied or dealt with only in accordance with the powers and duties of the Institute as trustee; and

                     (b)  moneys held by the Institute on trust may be invested:

                              (i)  in any manner in which the Institute is authorized to invest those moneys by the terms of the trust; or

                             (ii)  in any manner in which trust moneys may, for the time being, be invested under law;

                            but not otherwise.