New South Wales Consolidated Acts

NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) ACT 1990 - SECT 22

22 Investments

(1) The Trust may invest any of the trust funds or other funds of the Trust:

(a) in accordance with and subject to the Trustee Act 1925 , or

(b) as otherwise permitted by the terms of any trust or condition affecting the funds.

(2) The Trust may retain and hold any investment transferred to the Trust otherwise than by purchase even if the investment is not authorised by subsection (1).