Commonwealth Consolidated Acts

VETERANS' ENTITLEMENTS ACT 1986 - SECT 202B

             (1)  This section applies where, by virtue of an instrument in force under subsection 202(1), the trustee of instalments of the pension or allowance payable to a pensioner is a person other than:

                     (a)  the Commission; or

                     (b)  an officer of the Australian Public Service appointed as trustee in his or her capacity as such an officer.

             (2)  The trustee may:

                     (a)  accumulate so much of the instalments of the pension or allowance received by the trustee as is not required for application in accordance with subparagraph 202(2)(b)(i); and

                     (b)  invest any trust funds so accumulated in any investments authorised for the investment of trust funds by the law of the State or Territory where the pensioner resides.