NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 105
Amounts that may be included in common funds
NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 105
Amounts that may be included in common funds
105 Amounts that may be included in common funds
(1) A common fund may include only the following-- (a) trust funds or
protective funds, or both,
(b) amounts payable to the common fund from the
Reserve Fund,
(c) money paid into court that has been subsequently paid to
the NSW Trustee for payment into a common fund,
(d) any other money required
under any Act to be paid into a common fund under this Act.
(2) An amount
must not be included in a common fund if-- (a) the relevant trust instrument
prohibits investment in the common fund, or
(b) the amount is held by the
NSW Trustee with another person who has objected in writing to the amount's
inclusion in the common fund.
(3) In this section,
"court" means the following-- (a) the Supreme Court,
(b) the Land and
Environment Court,
(c) the District Court,
(d) the Dust Diseases Tribunal,
(e) the Local Court,
(f) any other court or tribunal prescribed by the
regulations.
