Commonwealth Consolidated Acts

SERVICES TRUST FUNDS ACT 1947 - SECT 8

The trustees of each fund may, from time to time, do all such acts and things as appear to them necessary for the due administration of the fund and, without limiting the generality of the foregoing, shall have power:

(a)

to receive and consider applications for benefits from the fund and determine whether any person or group or class of persons is entitled to benefit from the fund and the extent of the benefit to which that person or the persons comprising that group or class is or are so entitled;

(b)

to invest any part of the fund in securities of the Commonwealth, on deposit with the Reserve Bank of Australia or in any other manner for the time being allowed by any Act or State Act for the investment of trust funds in Australia;

(c)

to realise and convert into money any property forming part of the fund;

(d)

to engage such clerical and other assistance in the management or administration of the fund as the trustees consider necessary;

(e)

to make payments or grant benefits from the fund, either directly or through the agency of any person or association of persons, to or on behalf of any beneficiary or group or class of beneficiaries in such manner as the trustees think fit; and

(f)

to appoint regional committees with such powers and functions, and upon such terms and conditions, as are prescribed.