MINORS (PROPERTY AND CONTRACTS) ACT 1970 - SECT 50
Property of minor
MINORS (PROPERTY AND CONTRACTS) ACT 1970 - SECT 50
Property of minor
(1) Where a minor is beneficially entitled at law or in equity to property ,
the Supreme Court may, on such terms as the Court thinks fit, make orders
authorising a person, either generally or in any particular instance: (a) to
make any disposition of the property , (b) to receive the proceeds of
disposition of the property , (c) to call for a disposition of the property to
the person so authorised or as the person directs, (d) to receive the income
of the property , (e) to sue for and recover any chose in action comprised in
the property , (f) to invest the property , or (g) to apply the capital or
income of the property for the benefit of the minor . (2) The Court shall not
make an order under this section unless it appears to the Court that the order
is for the benefit of the minor .
http://www.austlii.edu.au/au/legis/nsw/consol_act/maca1970348/s50.html